Barclays 2015 Annual Report Download - page 187

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Risk weighted assets (RWAs) by risk type and business
Credit risk Counterparty credit riska Market riskb
Operational
risk Total RWAs
Std
£m
IRB
£m
Std
£m
IRB
£m
Std
£m
IMA
£m £m £m
As at 31 December 2015
Personal & Corporate Banking 31,506 71,352 242 1,122 30 – 16,176 120,428
Barclaycard 17,988 17,852 – – – – 5,505 41,345
Africa Banking 8,556 17,698 22 487 885 682 5,604 33,934
Investment Bank 4,808 39,414 11,020 10,132 9,626 13,713 19,620 108,333
Head Office and Other Operations 1,513 2,763 32 59 48 1,230 2,104 7,749
Total Core 64,371 149,079 11,316 11,800 10,589 15,625 49,009 311,789
Barclays Non-Core 5,078 11,912 1,397 9,231 679 10,639 7,651 46,587
Total risk weighted assets 69,449 160,991 12,713 21,031 11,268 26,264 56,660 358,376
As at 31 December 2014
Personal & Corporate Banking 32,657 70,080 238 1,049 26 – 16,176 120,226
Barclaycard 15,910 18,492 – – – – 5,505 39,907
Africa Banking 9,015 21,794 10 562 948 588 5,604 38,521
Investment Bank 5,773 36,829 13,739 11,781 18,179 16,480 19,621 122,402
Head Office and Other Operations 506 2,912 234 62 7 521 1,326 5,568
Total Core 63,861 150,107 14,221 13,454 19,160 17,589 48,232 326,624
Barclays Non-Core 10,679 19,416 3,023 18,406 2,236 13,088 8,428 75,276
Total risk weighted assets 74,540 169,523 17,244 31,860 21,396 30,677 56,660 401,900
Movement analysis of risk weighted assets
Risk weighted assets Credit risk
£bn
Counterparty
credit riska
£bn
Market riskb
£bn
Operational
risk
£bn
Total RWAs
£bn
As at 1 January 2015 244.0 49.1 52.1 56.7 401.9
Book size 8.3 (10.6) (9.5) – (11.8)
Acquisitions and disposals (14.2) – (0.4) – (14.6)
Book quality 0.1 (1.7) 0.7 – (0.9)
Model updates (2.1) (1.1) (2.7) – (5.9)
Methodology and policy 2.3 (1.9) (2.6) – (2.2)
Foreign exchange movementc(8.0) (0.1) – – (8.1)
Other – – – – –
As at 31 December 2015 230.4 33.7 37.6 56.7 358.4
RWAs decreased £43.5bn to £358.4bn, driven by:
 Book size: RWAs decreased £11.8bn primarily due to a reduction in holdings of US bonds and equities and a reduction in derivatives and securities
financing transactions. This was partially offset by a growth in corporate lending, particularly in Africa and the UK
 Acquisitions and disposals: RWAs decreased £14.6bn primarily due to disposals in Non-Core, including the sale of the Spanish business
 Model updates: RWAs decreased £5.9bn primarily due to implementation of diversification benefits across advanced general and specific market
risk, as well as a recalibration of a credit risk model within the Investment Bank and Non-Core
 Methodology and policy: RWAs decreased £2.2bn primarily due to the implementation of collateral modelling for mismatched FX collateral, and a
transfer of securities financing transactions in certain businesses from the banking book to trading book, enabling further collateral offset
 Foreign exchange movements decreased RWAs by £8.1bn primarily due to depreciation of ZAR against GBP.
Notes
a RWAs in relation to default fund contributions are included in counterparty credit risk.
b RWAs in relation to credit valuation adjustment (CVA) are included in market risk.
c Foreign exchange movement does not include FX for modelled counterparty risk or modelled market risk.
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