Blueprint
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
November 02, 2018
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 Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
The Royal Bank of Scotland Group plc
02 November 2018
Statement on the publication of the 2018 EBA EU-wide stress test
results and update on Pillar 2A
The Royal Bank of Scotland Group plc ("RBS") today updates the
market on two developments.
2018 EBA EU-wide stress test results
RBS notes the announcement made today by the European Banking
Authority ("EBA") regarding the results of the 2018 EBA EU-wide
stress test.
On a fully loaded Basel 3
and IFRS 9 basis, RBS's modelled Common Equity Tier 1 ("CET1")
ratio under the adverse scenario was 9.5% as at 31 December
2019. The low-point on a transitional IFRS 9 basis was 9.9%
(as at 31 December 2019).
RBS's modelled low-point Leverage ratio under the adverse scenario
was 4.1% on a fully loaded Basel 3 and IFRS9 basis as at 31
December 2018, and 4.8% under the IFRS 9 transitional definition as
at 31 December 2020.
Commenting on the results, Katie Murray, Interim Chief Financial
Officer, said:
"This result is a clear demonstration of the bank's financial
resilience and our ability to continue to support our customers,
even in the difficult economic scenario modelled as part
of this exercise."
The detailed results of the stress test are available via the link
below:
http://storage.eba.europa.eu/documents/10180/2419188/EBA_ST_UK_2138005O9XJIJN4JPN90.pdf
Update on Pillar 2A
The Prudential Regulatory Authority has confirmed to RBS that its
consolidated Pillar 2A requirement reduced to 3.6%, of which 2.0%
must be met by CET1 (this represents a reduction of approximately
15 basis points) , as calculated against Q3 2018 risk weighted
assets of £194.5 billion. Together with the Pillar 1
requirement of 8%, RBS's consolidated Total Capital Requirement is
therefore 11.6%.
For further information, please contact:
Investor Relations
+44 (0) 20 7672 1758
RBS Media Relations
+44 (0) 131 523 4205
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, including (but not limited to) those related to RBS
and its subsidiaries' regulatory capital position and funding
requirements, financial position, ongoing litigation and regulatory
investigations, profitability and financial performance (including
financial performance targets and expectations), structural reform
and the implementation of the UK ring-fencing regime, the
implementation of RBS's restructuring and transformation programme,
impairment losses and credit exposures under certain specified
scenarios, increasing competition from new incumbents and
disruptive technologies and RBS's exposure to political and
economic risks (including with respect to Brexit), operational
risk, conduct risk, cyber and IT risk and credit rating risk. In
addition, forward-looking statements may include, without
limitation, the words 'expect', 'estimate', 'project',
'anticipate', 'commit', 'believe', 'should', 'intend', 'plan',
'could', 'probability', 'risk', 'Value-at-Risk (VaR)', 'target',
'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic',
'prospects' and similar expressions or variations on these
expressions. These statements concern or may affect future matters,
such as RBS's future economic results, business plans and current
strategies. Forward-looking statements are subject to a number of
risks and uncertainties that might cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statements. Factors that could cause or contribute to differences
in current expectations include, but are not limited to,
legislative, political, fiscal and regulatory developments,
accounting standards, competitive conditions, technological
developments, interest and exchange rate fluctuations and general
economic and political conditions. These and other factors, risks
and uncertainties that may impact any forward-looking statement or
RBS's actual results are discussed in RBS's UK 2017 Annual Report
and Accounts (ARA) and materials filed with, or furnished to, the
US Securities and Exchange Commission, including, but not limited
to, RBS's most recent Annual Report on Form 20-F and Reports on
Form 6-K. The forward-looking statements contained in this
announcement speak only as of the date of this announcement and RBS
does not assume or undertake any obligation or responsibility to
update any of the forward-looking statements contained in this
announcement, whether as a result of new information, future events
or otherwise, except to the extent legally required.
Legal Entity Identifier:
The Royal Bank of Scotland Group plc -
2138005O9XJIJN4JPN90
Date: 02
November 2018
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THE
ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
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By: /s/
Jan Cargill
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Name:
Jan Cargill
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Title:
Deputy Secretary
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