JPMorgan released a report stating that the impact of Basel Accord III Part 2 on British banks is more manageable, with a primary capital requirement increase of less than 1% by 2030, compared to 3% last year. The bank believes that the upside risks to the shareholders of HSBC Holdings and Standard Chartered are moderate, and the policy changes around Commercial Real Estate (CRE) have a moderately positive impact on HSBC Holdings, as its CRE accounts for 8.3% of total loans, while Standard Chartered benefits from the reduction in the off-balance sheet loan conversion ratio.

Although the bank expects the proposed direction to be helpful, it still needs to await the bank's research on the exact impact of these changes, and may provide updates in the upcoming third-quarter performance. The bank continues to anticipate resilience in the buyback prospects of HSBC Holdings and Standard Chartered, with HSBC Holdings expected to announce further buybacks at the third-quarter performance release.