Investor Presentaiton
HSBC Group Capital Structure and Debt Issuance
Total capital and estimated MREL requirements8
Regulatory capital and MREL-eligible HoldCo Senior versus regulatory requirements as a % of RWAs
6.1%
3.2%
23.2%
6.5%
AT1 and Senior MREL increased in 1H18 due to
planned issuance
Tier 2 increased due to the change in regulatory capital
recognition of selected capital securities
HSBC group MREL requirement for 2022 is the
greater of:
18% of RWAS
2.4%
2.9%
18% of
RWAs
2.2%
-
14.2%
Capital structure as at
30 June 18; on an end-
point basis
MREL-eligible HoldCo Senior
Combined buffer
of 5.2%
1
6.75% of leverage exposures
11.7%
Known end-point
requirements 2022
The sum of requirements relating to each of its
resolution groups
We are currently evaluating HKMA proposals, and await
final rules
Based on current assumptions, HSBC Senior MREL
issuance requirement 10 is estimated to fall in the range
$60-80bn
HSBC manages its capital and debt securities to meet
end-point regulatory requirements, as well as funding
and other business needs
HSBC has a Multiple Point of Entry resolution strategy
Tier 2
AT1
CET1
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