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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 182.74
Bid: 182.72
Ask: 182.76
Change: -1.24 (-0.67%)
Spread: 0.04 (0.022%)
Open: 182.28
High: 184.08
Low: 181.50
Prev. Close: 183.98
BARC Live PriceLast checked at -

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Barclays has enough capital for Basel III requirements

Wed, 29th Sep 2010 14:48

Stricter banking rules are likely to raise funding costs for banks, Bob Diamond, the boss of Barclays's investment banking arm, Barclays Capital, warned on Thursday.Diamond, who is due to take over as chief executive officer of Barclays when John Varley steps down, told the Bank of America Merrill Lynch Banking & Insurance CEO Conference in London that the new capital rules, commonly referred to as "Basel III", due to be phased in from 2013 could add as much as £60bn to Barclays' risk-weighted assets (RWA) in assessing market risk, while the total impact of all the reforms, set to be fully implemented by 2019, could add up to £150bn to the bank's RWA.Despite the added burden Diamond said he believed the bank has enough capital to meet the more stringent requirements. "Of course we have a lot of work to do to adapt to the new Basel framework but from what we know and can see today we believe we have enough equity capital and it is not our objective to turn to our shareholders for more," Diamond said.The Basel III framework will require banks to more than double their capital reserves in a move designed to prevent a repeat of the near collapse of the banking system in 2007.Diamond thinks the new regulations will force a change of attitude among banks, with an increased emphasis on service, as it becomes harder to compete on cost. "Customers' decisions will be relationship led, not transaction or price led," Diamond predicted.
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Man Group PLCTrading Statement
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Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
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abrdn PLCTrading Statement
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Nichols PLCTrading Statement
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Star Energy Group PLCFull Year Results
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Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

(Alliance News) - The UK Financial Conduct Authority on Friday said it has reminded motor financing companies to maintain adequate financial resources at all times as it continues its review of their activities.

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UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

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10 Apr 2024 19:26

Barclays reduces Fed rate cut view to one in 2024

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9 Apr 2024 16:27

Sabadell feels no pressure from British M&A activity to sell TSB

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PRESS: Barclays mounts challenge to UK car finance ruling - Sky

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27 Mar 2024 20:59

Barclays executive denies discrimination in employee case

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