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HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc has announced that it will no longer recognize certain legacy New York law-governed subordinated and senior debt securities as part of its tier 2 capital instruments for UK CRR purposes, nor towards its minimum requirement for own funds and eligible liabilities (MREL). This decision is aimed at maintaining the eligibility of HSBC’s other non-legacy tier 2 securities and aligning with the Bank of England’s policies on securities without a CROB clause. The move would have decreased HSBC’s MREL by 54 basis points and its total capital ratio by 46 basis points had it been implemented at the end of 2024, though it has no impact on the total capital ratio excluding transitional arrangements.
More about HSBC Holdings
HSBC Holdings plc, headquartered in London, is the parent company of HSBC, one of the world’s largest banking and financial services organizations. Serving customers across 58 countries and territories, HSBC had assets totaling US$3,017 billion as of December 31, 2024.
YTD Price Performance: 12.22%
Average Trading Volume: 22,930,976
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £157.2B
See more insights into HSBA stock on TipRanks’ Stock Analysis page.
