HSBC Is Building a Buffer of Excess Capital: CFO

The video discusses the company's financial strategies, including dividend decisions, credit outlook, and cost-cutting measures. It highlights the conservative approach to dividends due to economic uncertainties and the stabilization of credit losses. The company plans to exceed its cost-cutting targets by leveraging digital engagement and a hybrid work model. Risk management is a priority, with attention to geopolitical risks and Brexit. The ICJ report and compliance spending are also addressed, emphasizing the importance of robust control systems.

What is the company's approach to dividends in light of the uncertain economic outlook for 2021?

• Aggressive and high-risk

• Conservative and cautious

• Liberal and generous

• Unplanned and spontaneous

How have credit losses changed according to the company's recent analysis?

• They have increased significantly

• They have remained stable

• They have improved significantly

• They have worsened slightly

What is the company's new target for cost cuts?

• $7 billion

• $6 billion

• $4.5 billion

• $3 billion

How has COVID-19 influenced customer behavior according to the company?

• Increased physical store visits

• Decreased digital engagement

• No change in behavior

• Higher levels of digital engagement

What is the company's stance on job cuts in relation to cost reduction?

• Focused on a specific number of job cuts

• No job cuts planned

• Focused on reducing costs, not specific job cuts

• Increasing the workforce

What is considered the biggest risk currently facing the company?

• Brexit

• COVID-19 and low interest rates

• US-China tensions

• High inflation rates

How much does the company plan to spend on control and systems to address suspicious activity?

• Less than $1 billion

• Between $1 billion and $2 billion

• More than $2 billion

• No additional spending planned