Q1 2023 HSBC Holdings PLC Earnings Call Transcript

Feb 10, 2024

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May 02, 2023 / 06:30AM GMT
Operator

Good morning, ladies and gentlemen, and welcome to the Investor and Analyst Conference Call for HSBC Holdings plc's Q1 2023 results. For your information, this conference is being recorded. At this time, I will hand the call over to Mr. Richard O'Connor, Group Head of Investor Relations.

Richard O'Connor - HSBC Holdings plc - Global Head of IR

Thank you, operator. Good morning and good afternoon, everyone. Before I hand over to Noel, I want to give a quick reminder of the reporting changes that have taken effect this quarter. The numbers in the presentation today are on an IFRS 17 basis, and thank you to all those who attended the teaching in March. Our focus is now on reported numbers but we will call out and specify notable items. Our global businesses are still the primary basis while reported, but we have moved to legal entity rather than geographic regions as our secondary reporting line. Consensus hasn't yet fully caught up with all these changes, but now we've made them, we believe they will give you more clarity, transparency and

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