Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 41

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 41
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 0.3%. The Group is also required to disclose an average UK leverage ratio which is based on capital on the last day of each month in the quarter and an exposure measure for each day in the quarter.

#### MREL
As at 31 December 2024, the Group was required to meet the higher of: (i) two times the sum of 8% Pillar 1 and 4.6% Pillar 2A equating to 25.2% of RWAs; and (ii) 6.75% of leverage exposures. In addition, the higher of regulatory capital and leverage buffers apply. CET1 capital cannot be counted towards both MREL and the buffers, meaning that the buffers, including the above mentioned confidential institution-specific PRA buffer, will effectively be applied above MREL requirements.

#### Significant regulatory updates in the period
Following its 12 December 2023 publication of ‘Implementation of the Basel 3.1 standards near-final part 1’ (PS17/23), covering Credit Valuation Adjustments, Counterparty Credit Risk, Market Risk and Operational Risk, on 12 September 2024 the PRA published its near-final policy statement ‘Implementation of the Basel 3.1 standards near-final part 2’ (PS9/24) covering the remaining aspects of the Basel 3.1 standards. This covered Credit Risk, Credit Risk Mitigation, the Output Floor, and Reporting and Disclosure requirements. On 17 January 2025 the PRA announced a delay in the implementation of Basel 3.1 in the UK until 1 January 2027.

| Capital ratios1,2                                                  | As at 31.12.24 | As at 30.09.24 | As at 31.12.23 |
| CET1                                                               |          13.6% |          13.8% |          13.8% |
| T1                                                                 |          16.9% |          17.3% |          17.7% |
| Total regulatory capital                                           |          19.6% |          19.9% |          20.1% |
| MREL ratio as a percentage of total RWAs                           |          34.4% |          34.9% |          33.6% |
| Own funds and eligible liabilities                                 |             £m |             £m |             £m |
| Total equity excluding non-controlling interests per the balance   
 sheet