RBS’ common equity Tier 1 ratio and leverage ratio would both remain below the so-called "systemic reference point" even after the impact of management actions and the conversion of Additional Tier 1 loss-absorbing securities. The Edinburgh-based bank has adopted a new plan to bolster its financial position.
Barclays Plc and Standard Chartered Plc also fell short on certain capital hurdles but did not need to submit new plans to regulators. HSBC Holdings Plc, Lloyds Banking Group Plc, Banco Santander SA unit Santander UK Plc and Nationwide Building Society passed the test, the BoE’s toughest to date.
