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FINANCIAL RISK MANAGEMENT - Schedule of Financial Instruments by Significant Interest Rate Benchmarks (Details) - GBP (£)
£ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Non-derivative financial assets      
Financial assets at fair value through profit or loss [1] £ 206,771 £ 191,169  
Net carrying amount, loans and advances to banks and reverse repurchase agreements 10,533 10,746 £ 9,775
Loans and advances to customers and reverse repurchase agreements 499,788 498,843  
Debt securities 6,835 5,405  
Financial assets at amortised cost 517,156 514,994  
Financial assets at fair value through other comprehensive income 28,137 27,603  
Other assets [1] 15,449 16,846  
Non-derivative financial liabilities      
Deposits from banks and repurchase agreements 37,732 31,465  
Customer deposits and repurchase agreements 477,384 460,068  
Financial liabilities at fair value through profit or loss 23,123 22,646  
Debt securities in issue 71,552 87,397  
Other liabilities 19,947 20,347  
Subordinated liabilities 13,108 14,261 £ 17,130
Derivative notional/contract amount      
Contract/ notional amount 4,535,297 7,600,981  
Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 27,873 £ 464,744  
Interest rate risk | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Financial assets at fair value through profit or loss 2,021    
Financial assets at amortised cost 13,749    
Financial assets at fair value through other comprehensive income 16    
Other assets 0    
Non-derivative financial assets 15,786    
Non-derivative financial liabilities      
Deposits from banks and repurchase agreements 0    
Customer deposits and repurchase agreements 74    
Financial liabilities at fair value through profit or loss 103    
Debt securities in issue 80    
Other liabilities 0    
Subordinated liabilities 0    
Total non-derivative financial liabilities 257    
Interest rate risk | Financial assets at amortised cost, category | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Net carrying amount, loans and advances to banks and reverse repurchase agreements 4,106    
Loans and advances to customers and reverse repurchase agreements 9,517    
Debt securities 126    
Interest rate | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 299,655    
Cross currency | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 42,229    
Sterling LIBOR | Interest rate risk | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Financial assets at fair value through profit or loss 1,753    
Financial assets at amortised cost 3,668    
Financial assets at fair value through other comprehensive income 16    
Other assets 0    
Non-derivative financial assets 5,437    
Non-derivative financial liabilities      
Deposits from banks and repurchase agreements 0    
Customer deposits and repurchase agreements 0    
Financial liabilities at fair value through profit or loss 0    
Debt securities in issue 0    
Other liabilities 0    
Subordinated liabilities 0    
Total non-derivative financial liabilities 0    
Sterling LIBOR | Interest rate risk | Financial assets at amortised cost, category | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Net carrying amount, loans and advances to banks and reverse repurchase agreements 0    
Loans and advances to customers and reverse repurchase agreements 3,542    
Debt securities 126    
Sterling LIBOR | Interest rate | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 12,734    
Sterling LIBOR | Cross currency | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 0    
US Dollar LIBOR | Interest rate risk | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Financial assets at fair value through profit or loss 268    
Financial assets at amortised cost 10,081    
Financial assets at fair value through other comprehensive income 0    
Other assets 0    
Non-derivative financial assets 10,349    
Non-derivative financial liabilities      
Deposits from banks and repurchase agreements 0    
Customer deposits and repurchase agreements 74    
Financial liabilities at fair value through profit or loss 100    
Debt securities in issue 54    
Other liabilities 0    
Subordinated liabilities 0    
Total non-derivative financial liabilities 228    
US Dollar LIBOR | Interest rate risk | Financial assets at amortised cost, category | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Net carrying amount, loans and advances to banks and reverse repurchase agreements 4,106    
Loans and advances to customers and reverse repurchase agreements 5,975    
Debt securities 0    
US Dollar LIBOR | Interest rate | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 286,921    
US Dollar LIBOR | Cross currency | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 42,229    
Other LIBOR | Interest rate risk | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Financial assets at fair value through profit or loss 0    
Financial assets at amortised cost 0    
Financial assets at fair value through other comprehensive income 0    
Other assets 0    
Non-derivative financial assets 0    
Non-derivative financial liabilities      
Deposits from banks and repurchase agreements 0    
Customer deposits and repurchase agreements 0    
Financial liabilities at fair value through profit or loss 3    
Debt securities in issue 26    
Other liabilities 0    
Subordinated liabilities 0    
Total non-derivative financial liabilities 29    
Other LIBOR | Interest rate risk | Financial assets at amortised cost, category | Interest rate benchmark reform amendments      
Non-derivative financial assets      
Net carrying amount, loans and advances to banks and reverse repurchase agreements 0    
Loans and advances to customers and reverse repurchase agreements 0    
Debt securities 0    
Other LIBOR | Interest rate | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount 0    
Other LIBOR | Cross currency | Interest rate risk | Interest rate benchmark reform amendments      
Derivative notional/contract amount      
Contract/ notional amount £ 0    
[1] See note 1 regarding changes to presentation.