PRA grants Barclays £1bn op risk capital relief
Op RWAs fall to £42.5 billion in Q3
Barclays’ operational risk capital requirement fell 25% in Q3 after its watchdog, the Prudential Regulation Authority (PRA), allowed the bank to abolish a binding floor on its risk-weighted asset (RWA) levels.
Total op RWAs dropped to £42.5 billion ($55 billion) at end-September, down from £56.7 billion the previous quarter. This translates to a minimum op risk capital requirement of £3.4 billion
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