TIDMHSBA

RNS Number : 4479O

HSBC Holdings PLC

10 June 2022

HSBC HOLDINGS PLC

STATEMENT ON RESOLVABILITY ASSESSMENT FRAMEWORK

HSBC Holdings plc (HSBC) has today released a public disclosure document regarding its preparedness for resolution, as required under the Bank of England's Resolvability Assessment Framework (RAF).

The disclosure summarises HSBC's progress to meet the three resolvability outcomes as set out in the RAF: 1) to have adequate financial resources in the context of resolution; 2) to be able to continue to do business through resolution and restructuring; and 3) to be able to coordinate and communicate effectively within the firm and with the authorities and markets so that resolution and subsequent restructuring are orderly.

Please click on the following link to view HSBC's public disclosure:

http://www.rns-pdf.londonstockexchange.com/rns/4479O_1-2022-6-10.pdf

HSBC's public disclosure can also be found at https://www.hsbc.com/investors/results-and-announcements/all-reporting

The Bank of England's resolvability assessment of major UK banks can be found at https://www.bankofengland.co.uk/financial-stability/Resolution/resolvability-assessment-framework/resolvability-assessment-of-major-uk-banks-2022 .

ends/more

Investor enquiries to:

   Greg Case                    +44 (0)7761048956                    greg.case@hsbc.com 
   Richard O'Connor          +44 (0)7909873681                    richard.j.oconnor@hsbc.com

Media enquiries to:

   Gita Bartlett                   +44 (0)7796704281                    gita.bartlett@hsbc.com

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The HSBC Group serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$3,022bn at 31 March 2022, HSBC is one of the world's largest banking and financial services organisations.

ends/all

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STRFIFFSRLIILIF

(END) Dow Jones Newswires

June 10, 2022 02:19 ET (06:19 GMT)

Hsbc (LSE:HSBA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Hsbc Charts.
Hsbc (LSE:HSBA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Hsbc Charts.