Barclays trims connections to other financial firms
Intra-financial system assets and liabilities drop 19.6% and 13.5%, respectively
Barclays reduced its level of interconnectedness with other financial institutions at the end of 2017, which may help to lower its systemic risk score under the Basel Committee’s global systemically important bank (G-Sib) methodology.
The UK bank posted intra-financial system assets and liabilities of £149 billion and £165 billion, respectively, at end-2017. These figures represented a decline of £36 billion, or 19.6%, and £26 billion, or 13.5%, on end-2016.
The drop in assets was led by a
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