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  "documentTitle": "20240220 Barclays FY2023 FI Call Slides",
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      "text": "US Cards IRB c.£16bn",
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      "text": "Basel 3.1: 1 July 2025. Drivers of reduction in Basel 3.1 impact: PRA clarifying requirements, further refinement in impact assessment, estimated further IRB impact from existing US Cards portfolios.",
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      "text": "US Cards IRB: Expected H224. Migration to Internal Ratings-Based (IRB) capital models is a regulatory requirement by the PRA for IRB banks. PRA requires IRB banks to have 85% of credit risk RWAs under IRB. UK Cards is already on IRB.",
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      "text": "Pillar 2A: Aligned with implementation. Partial offset in Pillar 2A is expected for Basel 3.1. PRA will review to address potential double counting.",
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      "kind": "source-note",
      "text": "1 Supervisory Statement 11/13 | 2 Barclays seeks permission from its regulators to use modelled approaches where possible, to enable risk differentiation",
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