Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 327

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 327
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 excluding foreign exchange fluctuations, owing to higher RWAs mainly driven by organic balance sheet growth and credit migrations excluding strategic transactions; – a 0.4 percentage point increase from capital generation, mainly through regulatory profits and other reserves less dividends and share buy-backs; and – a 0.3 percentage point decrease from the adverse impact of regulatory deductions and foreign exchange fluctuations on our RWAs and capital. Our Pillar 2A requirement at 31 December 2024 , as per the PRA’s Individual Capital Requirement based on a point-in-time assessment, was equivalent to 2.6% of RWAs, of which 1.5% was required to be met by CET1. Throughout 2024 we complied with the PRA’s regulatory capital adequacy requirements. Risk-weighted assets

| RWAs by global business  |       |       |       |                 |           |
|                          |   WPB |   CMB |   GBM | CorporateCentre | TotalRWAs |
|                          |   $bn |   $bn |   $bn |             $bn |       $bn |
| Credit risk              | 143.3 | 299.7 | 132.6 |            82.3 |     657.9 |
| Counterparty credit risk |   0.7 |   0.2 |  35.2 |             1.6 |      37.7 |
| Market risk              |   1.1 |   0.9 |  27.1 |             7.1 |      36.2 |
| Operational risk1        |  36.0 |  37.1 |  37.0 |            -3.6 |     106.5 |
| At 31 Dec 20242          | 181.1 | 337.9 | 231.9 |            87.4 |     838.3 |
| At 31 Dec 2023           | 192.9 | 354.5 | 218.5 |            88.2 |     854.1 |

1 Operational risk RWAs for HSBC Bank Canada are excluded post the PRA waiver permission granted in October 2024. 2 RWAs balance at 31 December 2024 includes HSBC Argentina operational risk RWAs due to the averaging calculation and will roll off over future reporting cycles.

| 236 | HSBC Holdings plcAnnual Report on Form 20-F