PRA has agreed to Barclays' capital plan aimed at meeting a leverage ratio of 3%, set by PRA, by June 2014. PRA has also stressed that it expects UK firms to set the triggers for write-down of Additional Tier 1 capital, or for its conversion to Core Equity Tier 1 (CET1), at a level that ensures the firm can recover from stress without entering resolution. PRA says that level may even have to be above the 5.125% CET1 minimum established by article 54 CRR. (Source: PRA Statements on Bank Capital and Leverage Ratios)