Leading market positions in U.K. banking and global wholesale banking. Significant diversity of business lines and customer segments. Good asset quality. The management have still to fully demonstrate that their strategy can produce returns consistent with stakeholder demands. Poor statutory earnings track record relative to higher rated global banking peers. Relatively large capital markets business can lead to potential revenue volatility and increases operational complexity. The stable outlook reflects our view that Barclays' statutory earnings performance will steadily improve and that its asset quality metrics will remain resilient over our two-year outlook horizon. If we observed growing evidence of better and reasonably predictable earnings, business and management stability, and no material deterioration in our overall view of Barclays' capitalization, then
