{
  "docId": "019dd923-5e88-73ef-bd5b-9d9645fa1809",
  "docSlug": "84ae279bbf58b4ad",
  "documentTitle": "20230215 Barclays FY22 Results Presentation",
  "authorId": "Barclays",
  "authorName": "Barclays",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.445,
  "pageNumber": 25,
  "pageCount": 51,
  "prevPage": 24,
  "nextPage": 26,
  "slideType": "appendix_disclosure",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 24,
  "notes": "Includes detailed footnotes regarding SEC registration and financial definitions.",
  "elementsJson": [
    "bullet_list",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-9d9645fa1809/25",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-9d9645fa1809",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-9d9645fa1809.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-9d9645fa1809#slide-25",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The incident was not the result of a general lack of attention to controls by Barclays, and that Barclays' management has consistently emphasised the importance of maintaining effective controls.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-103e-75c4-b72a-1b3c14b1f512",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "Refers to the Over-issuance of Securities under Barclays Bank PLC's US shelf registration statements on Form F-3 filed with the SEC in 2018 and 2019. Please refer to the Barclays PLC FY22 Results Announcement for details | Barclays Bank PLC (BBPLC) | \"WKSI\" refers to \"well-known seasoned issuer\", a type of issuer which, according to SEC rules, can use a more flexible shelf registration process to register an unlimited amount of securities | Total impact in Q422: £0m (Q421: £46m) | Total impact in Q422: £0m (Q421: £38m)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "706d4b7d-1993-4e35-8b28-237bbbade228",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.43,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "list",
      "text": "In March 2022, the Group became aware that BBPLC had issued securities materially in excess of the amount registered under its shelf registration statement filed with the US Securities and Exchange Commission (SEC). To reflect the impact of the Over-issuance of Securities, Barclays PLC and BBPLC each amended their annual report on Form 20-F. Barclays conducted a rescission offer to certain purchasers of affected securities, which completed in September 2022. Barclays was subject to an investigation from the SEC and paid a monetary penalty. Barclays commissioned a review of the matter led by external counsel which concluded that: among the principal causes of the Over-issuance of Securities were, first, the failure to identify and escalate to senior executives the consequences of the loss of WKSI status and, secondly, a decentralised ownership structure for securities issuances; and the incident was not the result of a general lack of attention to controls by Barclays, and that Barclays' management has consistently emphasised the importance of maintaining effective controls.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6c3a75e-3fcd-4586-8e81-8d8a6e635e1c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Impact (£m): (722)",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-103e-75c4-b72a-1dbb7ebea375",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.62,
        "w": 0.45,
        "x": 0.51,
        "y": 0.24
      },
      "kind": "table",
      "text": "Income from hedging arrangements, L&C charge for rescission offer losses, PBT impact from rescission offer losses, Attributable loss from rescission offer losses, Charge related to SEC monetary penalty, PBT impact from rescission offer losses and provision related to SEC monetary penalty, Attributable loss, RoTE impact",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e8d725b-0afa-46eb-ad9b-0b451ad63cd2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.04,
        "y": 0.12
      },
      "kind": "title",
      "text": "Over-issuance of Securities",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "724e601f-6f80-4d64-b9db-5e3c3068cb54",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.08,
        "x": 0.04,
        "y": 0.19
      },
      "kind": "title",
      "text": "Context",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59772ff9-84cc-493a-b8be-15630c043a8a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.18,
        "x": 0.51,
        "y": 0.19
      },
      "kind": "title",
      "text": "Financial impact (£m)",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "91c2f9e3-37e4-407f-9cef-a75616e6251b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}