Strong position in U.K. commercial and corporate banking and a leading position in U.K. retail banking. Funding and liquidity profiles compare well with U.K. peers. Improving capitalization and asset quality. Long-running restructuring and execution risk in completing the repositioning of the bank's business model and performance, with possible headwinds from weaker economic prospects following the outcome of the EU referendum. Conduct and litigation charges likely to drag on earnings prospects in 2016, and possibly beyond. The stock of nonperforming assets remains larger than that of U.K. peers. The stable outlook on The Royal Bank of Scotland Group PLC (RBSG) and its main subsidiaries balances a potential increase in the economic risks that U.K. banks face--on the back of the outcome
