RBS 2011 Annual Report Download - page 116

114 RBS Group 2011
Balance sheet management: Capital management continued
Risk-weighted assets by division*
Risk-weighted assets by risk category and division are set out below:
Credit
risk
Counterparty
risk
Market
risk
Operational
risk
Gross
RWAs
APS
relief
Net
RWAs
2011 £bn £bn £bn £bn £bn £bn £bn
UK Retail 41.1 — — 7.3 48.4 (9.4) 39.0
UK Corporate 69.4 — — 6.7 76.1 (15.5) 60.6
Wealth 10.9 — 0.1 1.9 12.9 — 12.9
Global Transaction Services 12.4 — — 4.9 17.3 — 17.3
Ulster Bank 33.6 0.6 0.3 1.8 36.3 (6.8) 29.5
US Retail & Commercial 53.4 1.0 — 4.4 58.8 — 58.8
Retail & Commercial 220.8 1.6 0.4 27.0 249.8 (31.7) 218.1
Global Banking & Markets 45.1 39.9 50.6 15.5 151.1 (8.5) 142.6
Other 9.9 0.2 — 0.7 10.8 — 10.8
Core 275.8 41.7 51.0 43.2 411.7 (40.2) 371.5
Non-Core 65.6 20.2 13.0 (5.5) 93.3 (28.9) 64.4
Group before RFS MI 341.4 61.9 64.0 37.7 505.0 (69.1) 435.9
RFS MI 2.9 — — 0.2 3.1 — 3.1
Group 344.3 61.9 64.0 37.9 508.1 (69.1) 439.0
2010
UK Retail 41.7 — — 7.1 48.8 (12.4) 36.4
UK Corporate 74.8 — — 6.6 81.4 (22.9) 58.5
Wealth 10.4 — 0.1 2.0 12.5 — 12.5
Global Transaction Services 13.7 — — 4.6 18.3 — 18.3
Ulster Bank 29.2 0.5 0.1 1.8 31.6 (7.9) 23.7
US Retail & Commercial 52.0 0.9 — 4.1 57.0 — 57.0
Retail & Commercial 221.8 1.4 0.2 26.2 249.6 (43.2) 206.4
Global Banking & Markets 53.5 34.5 44.7 14.2 146.9 (11.5) 135.4
Other 16.4 0.4 0.2 1.0 18.0 — 18.0
Core 291.7 36.3 45.1 41.4 414.5 (54.7) 359.8
Non-Core 91.3 31.8 34.9 (4.3) 153.7 (50.9) 102.8
Group before RFS MI 383.0 68.1 80.0 37.1 568.2 (105.6) 462.6
RFS MI 2.9 — — — 2.9 — 2.9
Group 385.9 68.1 80.0 37.1 571.1 (105.6) 465.5
Asset Protection Scheme*
The Group acceded to the Asset Protection Scheme (APS or ‘the
Scheme’) in December 2009.
Following the accession to the APS, HM Treasury provides loss
protection against potential losses arising in a pool of assets. HM
Treasury also subscribed to £25.5 billion of capital in the form of B shares
and a Dividend Access Share, with a further £8 billion of capital in the
form of B shares potentially available as contingent capital. The Group
pays fees in respect of the protection and contingent capital. The Group
has the option, subject to HM Treasury consent, to pay the premium,
contingent capital and the exit fee payable in connection with any
termination of the Group’s participation in the APS in whole or in part, by
waiving the entitlements of members of the Group to certain UK tax
reliefs.
Following accession to the APS, arrangements were put in place within
the Group that extended effective APS protection to all other regulated
entities holding assets covered by the APS.
*unaudited
Business review Risk and balance sheet management continued