PRA's Pillar 2 add-ons reflect mixed verdict on UK banks

The UK financial watchdog handed two banks a measure of capital relief at the start of the year by easing their Pillar 2A add-ons, but imposed higher charges on three others.

RBS and Standard Chartered were assigned Common Equity Tier 1 (CET1) Pillar 2A charges of 2% and 1.6% of total risk-weighted assets, respectively, as of January 1, 2019. Their previously disclosed requirements were 2.1% and 1.7%.

HSBC, Lloyds and Barclays saw their Pillar 2A requirements edge up to 1.7% from 1.6%, 2.7%