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FINANCIAL RISK MANAGEMENT - Schedule of Maximum Credit Exposure (Details) - GBP (£)
£ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss [1] £ 206,771 £ 191,169  
Derivative financial instruments 22,051 29,613  
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  
Reinsurance assets 759 842  
Maximum exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 89,146 94,720  
Derivative financial instruments 22,051 29,613  
Loans and advances to banks and reverse repurchase agreements 10,533 10,746  
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 27,902 27,437  
Reinsurance assets 759 842  
Off-balance sheet items:      
Acceptances and endorsements 191 131  
Other items serving as direct credit substitutes 510 317  
Performance bonds, including letters of credit, and other transaction-related contingencies 2,043 2,105  
Irrevocable commitments and guarantees 71,158 73,962  
Off-balance sheet items 73,902 76,515  
Maximum exposure to credit risk 730,916 744,121  
Offset      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 0 0  
Derivative financial instruments 11,600 15,866  
Loans and advances to banks and reverse repurchase agreements 0 0  
Loans and advances to customers and reverse repurchase agreements 1,506 2,762  
Debt securities 0 0  
Financial assets at amortised cost 1,506 2,762  
Financial assets at fair value through other comprehensive income 0 0  
Reinsurance assets 0 0  
Off-balance sheet items:      
Acceptances and endorsements 0 0  
Other items serving as direct credit substitutes 0 0  
Performance bonds, including letters of credit, and other transaction-related contingencies 0 0  
Irrevocable commitments and guarantees 0 0  
Off-balance sheet items 0 0  
Maximum exposure to credit risk 13,106 18,628  
Net exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 89,146 94,720  
Derivative financial instruments 10,451 13,747  
Loans and advances to banks and reverse repurchase agreements 10,533 10,746  
Loans and advances to customers and reverse repurchase agreements 498,282 496,081  
Debt securities 6,835 5,405  
Financial assets at amortised cost 515,650 512,232  
Financial assets at fair value through other comprehensive income 27,902 27,437  
Reinsurance assets 759 842  
Off-balance sheet items:      
Acceptances and endorsements 191 131  
Other items serving as direct credit substitutes 510 317  
Performance bonds, including letters of credit, and other transaction-related contingencies 2,043 2,105  
Irrevocable commitments and guarantees 71,158 73,962  
Off-balance sheet items 73,902 76,515  
Maximum exposure to credit risk 717,810 725,493  
Loans and advances | Maximum exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 29,538 28,476  
Loans and advances | Offset      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 0 0  
Loans and advances | Net exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 29,538 28,476  
Debt securities, treasury and other bills | Maximum exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 47,237 46,701  
Debt securities, treasury and other bills | Offset      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 0 0  
Debt securities, treasury and other bills | Net exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 47,237 46,701  
Contracts held with reinsurers | Maximum exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 12,371 19,543  
Contracts held with reinsurers | Offset      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss 0 0  
Contracts held with reinsurers | Net exposure      
Financial assets at fair value through profit or loss:      
Financial assets at fair value through profit or loss £ 12,371 £ 19,543  
[1] See note 1 regarding changes to presentation.