Statement on the Bank of England 2014 stress test results

[HSBC Global Asset Management (Germany) GmbH - 16.12.2014] Statement on the Bank of England 2014 stress test results

HSBC Holdings plc (HSBC) notes the publication today of the results of the Bank of Englands 2014 concurrent stress test exercise. The Bank of Englands results show that, under the hypothetical stress scenario, HSBCs CET1 ratio would fall to a low point of 8.7%, well above the Bank of England threshold CET1 ratio of 4.5%. These results demonstrate the Groups continued capital strength.
The results incorporate management actions that have been accepted by the Bank of England for the purposes of this exercise. Under adverse economic circumstances, we would in practice consider a variety of management actions depending on the particular prevailing circumstances. Our intention, as evidenced by past actions, is to maintain a conservative and prudent stance on capital management.
The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,200 offices in 74 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,729bn at 30 September 2014, HSBC is one of the worlds largest banking and financial services organisations.

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