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  "notes": "The slide uses a comparative structure to explain the rationale behind the RWA increase.",
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      "text": "Mitigating actions include management of credit lines and business models and execution of selective risk transfers",
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      "text": "Model inputs based on 2009 financial crisis experience vs 2023 experience",
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      "text": "RWA / End net receivables",
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      "text": "RWA impact: £16bn",
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      "text": "Context: The key difference between IRB and standardised is the model now captures unused credit lines more conservatively. RWA impact includes a higher estimate of unexpected loss based on the Global Financial Crisis in 2009",
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      "text": "Impact: RWA impact c.£16bn in H224. Impact directionally consistent with current draft US Basel endgame treatment – adoption expected in 2025",
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      "text": "Source: U.S. Bureau of labour statistics | 2009 includes open and closed accounts",
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      "text": "Aside from US Cards, no material impact in current portfolios from model migration expected",
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