rbs201408016k4.htm
 
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
For August 1, 2014
 
Commission File Number: 001-10306

 
The Royal Bank of Scotland Group plc

 
RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ

 
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F X
  
Form 40-F ___
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_________

 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_________


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes
   ___
No X
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 
 
The following information was issued as a Company announcement in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

 

01 August 2014

The Royal Bank of Scotland Group plc - G-SIB Indicators Disclosure
The Basel Committee on Banking Supervision ('BCBS') is conducting a data collection exercise as part of the methodology to assess the systemic importance of banks in a global context, as outlined in the July 2013 document ' Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement'. The Royal Bank of Scotland Group plc ('RBS') is assessed as a global systemically important bank ('GSIB'). The indicators selected by BCBS reflect the size of banks, their interconnectedness, the lack of readily available substitutes or financial institution infrastructure for the services they provide, their global (cross-jurisdictional) activity and their complexity.
 
The PRA has requested us to publish the full template containing data as of and for the year ended 31 December 2013, based on the 2014 guidance and related FAQs issued by the BCBS. This data has also been submitted to BCBS and will be used to determine the relevant GSIB buffer applicable to RBS when implemented in 2016.
 
This information was made available on the RBS website at the close of business on 31st July 2014, via the following link:
http://www.investors.rbs.com/results-centre/archived-group-results/2014.aspx

Summary
The 12 summary indicators at 31 December 2013 and basis of preparation are set out below.
 
Category
Individual indicator
Note
Indicator
£m
Indicator
€m
  
Size
Total exposure as defined BCBS leverage ratio guidance issued in January 2014
a
1,162,209
1,394,038 1,394,038
  
Inter-connectedness
Intra-financial system assets
b
173,412
208,003
  
Intra-financial system liabilities
165,925
199,022
  
Securities outstanding
c
117,370
140,782
  
Substitutability / financial system infrastructure
Payment activity
d
39,556,478
47,446,897
  
Assets under custody
e
51,287
61,517
  
Underwritten transactions in debt and equity markets
f
96,243
115,441
  
Complexity
Notional amount of over-the-counter derivatives
g
38,180,016
45,795,869
  
Trading and available-for-sale securities
h
31,734
38,064
  
Level 3 assets
i
6,761
8,110
  
Cross-jurisdictional activity
Cross-jurisdictional claims
j
384,301
460,958
  
Cross-jurisdictional liabilities
k
289,006
346,655
  
 
 
Notes:
a
Based on December 2012 version of the Basel III monitoring exercise. The exposure above differs slightly from the leverage exposure included in RBS's 2013 Annual Report and Accounts (ARA) which reflects guidance in the proposal issued by the BCBS.
b
Relates to transactions with financial institutions; the components are over-the-counter derivatives, including potential future exposures, funds deposited and undrawn committed lines.
c
Carrying value of securities issued, generally as reflected in the 2013 ARA.
d
Payments made in the year by currency; includes correspondent banking but excludes intra-group transactions. This data is not part of RBS's financial or regulatory reporting systems and processes and is therefore not possible to validate against other information. The data is primarily sourced from SWIFT.
e
Based on client money assets, as reported in CMAR returns for UK legal entities and similar information for the rest of RBS.
f
Transactions underwritten by RBS during 2013, sourced from industry standard deal platform.
g
Includes OTCs derivatives cleared through central counterparties as well as those settled bilaterally, as published in the 2013 ARA.
h
Reflects balances reported in 2013 accounts adjusted for offsetting of securities that meet the definition of Level 1 and Level 2 (after haircuts) as per BCBS definition relating to liquidity coverage ratio.
i
Based on level 3 as defined in IFRS 13 'Fair value measurements' as reflected in 2013 ARA.
j
Based on the for Bank of England country exposures statistical return.
k
Based on the for Bank of England country exposures statistical return for UK legal entities and similar information for the rest of RBS.
   

 

GSIB template
The full template is set out below:
General bank data
  
 
Section 1: General Information
  
 
(1) Reporting date
31 December 2013
 
(2) Reporting currency and unit
GBP million unless otherwise stated
 
(3) Euro conversion rate
1.199472232
 
(4) Accounting standard
IFRS
 
(5) Location of public disclosure
www.investors.rbs.com/results-centre/archived-group-results/2014.aspx
Size indicator
  
 
Section 2: Total exposures
  
 
a. Counterparty exposure of derivatives contracts (method 1)
54,224
 
b. Gross value of securities financing transactions (SFTs)
117,071
 
c. Counterparty exposure of SFTs
19,117
 
d. Other assets
674,034
 
(1) Securities received in SFTs that are recognised as assets
0
 
e. Total on-balance sheet items (sum of items 2.a, 2.b, 2.c, and 2.d, minus 2.d.(1))
864,446
 
f. Potential future exposure of derivative contracts (method 1)
127,976
 
g. Notional amount of off-balance sheet items with a 0% CCF
62,273
 
(1) Unconditionally cancellable credit card commitments
27,053
 
(2) Other unconditionally cancellable commitments
35,220
 
h. Notional amount of off-balance sheet items with a 20% CCF
16,389
 
i. Notional amount of off-balance sheet items with a 50% CCF
145,304
 
j. Notional amount of off-balance sheet items with a 100% CCF
18,045
 
k. Total off-balance sheet items (sum of items 2.f, 2.g, and 2.h through 2.j, minus 0.9 times the sum of items 2.g.(1) and 2.g.(2))
  
 
313,941
 
l. Entities consolidated for accounting purposes but not for risk-based regulatory purposes:
  
 
(1) On-balance sheet assets
366
 
(2) Potential future exposure of derivatives contracts
0
 
(3) Unconditionally cancellable commitments
0
 
(4) Other off-balance sheet commitments
0
 
(5) Investment value in the consolidated entities
111
 
m. Regulatory adjustments
16,433
 
Total exposures indicator (sum of items 2.e, 2.k, 2.l.(1), 2.l.(2), 0.1 times 2.l.(3), 2.l.(4), minus the sum of items 2.l.(5) and 2.m)
1,162,209

 

 
Interconnectedness indicators
  
 
Section 3: Intra-financial system assets
  
 
a. Funds deposited with or lent to other financial institutions
62,446
 
(1) Certificates of deposit
4
 
b. Undrawn committed lines extended to other financial institutions
17,378
 
c. Holdings of securities issued by other financial institutions:
  
 
(1) Secured debt securities
4,640
 
(2) Senior unsecured debt securities
3,941
 
(3) Subordinated debt securities
547
 
(4) Commercial paper
16
 
(5) Stock (including par and surplus of common and preferred shares)
2,948
 
(6) Offsetting short positions in relation to the specific stock holdings included in item 3.c.(5)
165
 
d. Net positive current exposure of securities financing transactions with other financial institutions
2,628
 
e. Over-the-counter (OTC) derivatives with other financial institutions that have a net positive fair value:
  
 
(1) Net positive fair value (include collateral held if it is within the master netting agreement)
7,850
 
(2) Potential future exposure
71,183
 
Intra-financial system assets indicator (sum of items 3.a, 3.b through 3.c.(5), 3.d, 3.e.(1), and 3.e.(2), minus 3.c.(6))
  
 
173,412
 
Section 4: Intra-financial system liabilities
  
 
a. Deposits due to depository institutions
35,016
 
b. Deposits due to non-depository financial institutions
54,569
 
c. Undrawn committed lines obtained from other financial institutions
4,943
 
d. Net negative current exposure of securities financing transactions with other financial institutions
1,473
 
e. OTC derivatives with other financial institutions that have a net negative fair value:
  
 
(1) Net negative fair value (include collateral provided if it is within the master netting agreement)
14,482
 
(2) Potential future exposure
55,442
 
Intra-financial system liabilities indicator (sum of items 4.a through 4.e.(2))
165,925
 
Section 5: Securities outstanding
  
 
a. Secured debt securities
16,795
 
b. Senior unsecured debt securities
47,164
 
c. Subordinated debt securities
24,012
 
d. Commercial paper
1,583
 
e. Certificates of deposit
2,277
 
f. Common equity
20,972
 
g. Preferred shares and any other forms of subordinated funding not captured in item 5.c.
4,567
 
Securities outstanding indicator (sum of items 5.a through 5.g)
117,370

 

 
 
Substitutability/Financial Institution Infrastructure Indicators
  
           
   
Section 6: Payments made in the reporting year (excluding
Reported in
Amount in millions of the specified currency
  
   
Intra-group payments)
   
a. Australian dollars
AUD
AUD 984,171
609,480
   
b. Brazilian real
BRL
BRL 85
25
   
c. Canadian dollars
CAD
CAD 862,885
536,092
   
d. Swiss francs
CHF
CHF 567,421
391,446
   
e. Chinese yuan
CNY
CNY 1,746,992
181,778
   
f. Euros
EUR
EUR 6,779,317
5,757,403
   
g. British pounds
GBP
GBP 19,230,405
19,230,405
   
h. Hong Kong dollars
HKD
HKD 4,490,031
370,322
   
i. Indian rupee
INR
INR 2,469,253
27,083
   
j. Japanese yen
JPY
JPY 114,145,429
749,294
   
k. Swedish krona
SEK
SEK 2,791,256
274,136
   
l. United States dollars
USD
USD 17,865,137
11,429,015
   
Payments activity indicator (sum of items 6.a through 6.l)
39,556,478
Section 7: Assets under custody
  
a. Assets under custody indicator
51,287
Section 8: Underwritten transactions in Debt and Equity Markets
  
a. Equity underwriting activity
124
b. Debt underwriting activity
96,119
Underwriting activity indicator (sum of items 8.a and 8.b)
96,243
           

 
Complexity indicators
  
 
Section 9: Notional amount of over-the-counter (OTC) Derivatives
  
 
a. OTC derivatives cleared through a central counterparty
22,598,790
 
b. OTC derivatives settled bilaterally
15,581,226
 
OTC derivatives indicator (sum of items 9.a and 9.b)
38,180,016
 
Section 10: Trading and available-for-sale securities
  
 
a. Held-for-trading securities (HFT)
73,774
 
b. Available-for-sale securities (AFS)
61,104
 
c. Trading and AFS securities that meet the definition of Level 1 assets
83,380
 
d. Trading and AFS securities that meet the definition of Level 2 assets, with haircuts
19,764
 
Trading and AFS securities indicator (sum of items 10.a and 10.b, minus the sum of 10.c and 10.d)
31,734
 
Section 11: Level 3 Assets
  
 
a. Level 3 assets indicator
6,761
Cross-Jurisdictional Activity Indicators
  
 
Section 12: Cross-Jurisdictional Claims
  
 
a. Foreign claims on an ultimate risk basis (excluding derivatives activity)
384,301
 
Cross-jurisdictional claims indicator (item 12.a)
384,301
 
Section 13: Cross-Jurisdictional Liabilities
  
 
a. Foreign liabilities (excluding derivatives and local liabilities in local currency)
181,892
 
(1) Any foreign liabilities to related offices included in item 13.a.
28,756
 
b. Local liabilities in local currency (excluding derivatives activity)
135,870
 
Cross-jurisdictional liabilities indicator (sum of items 13.a and 13.b, minus 13.a.(1))
289,006
       

 

 
 
Signatures


 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.







 
 
Date: 1 August 2014
 
 
THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
 
 
 
By:
/s/ Jan Cargill
 
 
Name:
Title:
Jan Cargill
Deputy Secretary