Bloomberg News

Standard Chartered CEO Says ICB Proposals on Capital ‘Flawed’

December 14, 2011

Dec. 14 (Bloomberg) -- Standard Chartered Plc’s Chief Executive Officer Peter Sands said the Independent Commission on Banking’s proposals on loss absorbing capital are “flawed in both maths and logic.”

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Francis Harris at fharris4@bloomberg.net


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