StanChart Chief Steps up Attack on Proposed Banking Reforms

March 9, 2010 by admin
Filed under: Business News 

Standard Chartered chief executive—Peter Sands, has stepped up his attack on proposed regulatory reform for the global banking industry, dismissing some key ideas for changes.
He supported measures to make banks hold more high-quality captital and improve their liquidity, but felt other aspects of proposed reform, including the prospect of banks pre-funding compensation schemes, were bad ideas.

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