The Financial Services Authority (FSA) has released details of a meeting held with Barclays' board in February.
The FSA found its business model and earnings were challenged by the economic and regulatory environment.
It also highlighted how market perceptions continue to affect the bank's standing.
- Material economic exposures within vulnerable Eurozone countries.
- New banking proposals pose challenge to the business and Barclays' operating model.
- Capital is tight given forthcoming regulatory changes plus new expectations.
- There is still considerable work to make Barclays resolvable.