Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 201

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 201
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 100 percent or higher reflects an unencumbered HQLA balance that is equal to or exceeds 70 percent of the firm’s liquidity needs for a 30 calendar day liquidity stress scenario.

| HSBC Holdings plcAnnual Report on Form 20-F | 139 |

Under the modified US NSFR rule as applied to HNAH, a NSFR of 100 percent or more reflects an available stable funding balance from liabilities and capital over the next 12 months that is equal to or exceeds 70 percent of the firm’s required stable funding amount for assets and off-balance sheet exposures. As a Category IV firm, HNAH is also subject to liquidity risk management and liquidity buffer requirements as well as liquidity stress testing on a quarterly basis. Under the FRB and FDIC rule implementing the resolution planning requirements for depository institution holding companies (the "SIFI Plan") in the Dodd-Frank Act, HSBC Holdings is required to file a SIFI Plan every three years. HSBC Holdings’ last SIFI Plan was a targeted resolution plan submitted in December 2021. The FRB and FDIC provided feedback on this targeted plan in December 2022. The FRB and FDIC did not identify any shortcomings or deficiencies but noted areas where further progress will help improve HSBC Holdings’ preparation for a rapid and orderly resolution of its US subsidiaries and operations that may be addressed in HSBC Holdings’ next plan submission. As the combined US operations of HSBC Holdings moved from Category III to Category IV shortly after its last submission, it is now a triennial reduced filer, which requires the submission of reduced plans every three years. The next SIFI Plan submission is due on 1 July 2025. Under the FDIC’s separate resolution plan requirements for insured depository institutions (the ‘IDI Plan‘) with $100bn or more in total consolidated assets, banks including HSBC Bank USA, are required to submit an IDI Plan every three years. HSBC Bank USA submitted its latest IDI plan in December 2022. In June 2024, the FDIC adopted a final rule that increased the frequency of, and substantive requirements applicable to, IDI Plans. HSBC Bank USA continues to be required to submit an IDI Plan every three years (now with an interim supplement required in the off years) and would become subject to increased content requirements and an emphasis on capabilities testing and engagement with the FDIC. HSBC Bank USA’s interim supplement is due on 1 July 2025 and