Standard Chartered PLC Statement on finalisation of Basel III reforms (7458Y)
December 07 2017 - 11:41AM
UK Regulatory
TIDMSTAN
RNS Number : 7458Y
Standard Chartered PLC
07 December 2017
Standard Chartered PLC - statement on finalisation of Basel III
reforms
Standard Chartered PLC (the Group) welcomes the announcement
today by the Group of Central Bank Governors and Heads of
Supervision (the GHOS) of its endorsement of the outstanding Basel
III regulatory reforms (the Basel III reforms).
The Group will provide a preliminary assessment of the
implications of the Basel III reforms in due course once it has had
time to analyse the elements that have been announced today.
The Group is well-capitalised with a strong and liquid balance
sheet that demonstrated its resilience in the recent Bank of
England stress test. The Group had a Common Equity Tier 1 ratio of
13.6 per cent as at the end of the third quarter of 2017.
The statement on the Basel III reforms is available to view on
the website of the Bank for International Settlements at:
https://www.bis.org/.
The GHOS is the oversight body of the Basel Committee on Banking
Supervision (BCBS). The BCBS is the primary global standard setter
for the prudential regulation of banks and provides a forum for
cooperation on banking supervisory matters. Its mandate is to
strengthen the regulation, supervision and practices of banks
worldwide with the purpose of enhancing financial stability.
For further information, please contact:
Mark Stride
Global Head, Investor Relations
+44 (0)20 7885 8596
mark.stride@sc.com
Edwin Hui
Regional Head (Hong Kong), Investor Relations
+852 2820 3050
edwin.hui@sc.com
Jon Tracey
Global Head, Communications
+44 (0) 20 7885 7613
jonathan.tracey@sc.com
Note to Editors
Standard Chartered
We are a leading international banking group, with more than
80,000 employees and a 150-year history in some of the world's most
dynamic markets. We bank the people and companies driving
investment, trade and the creation of wealth across Asia, Africa
and the Middle East. Our heritage and values are expressed in our
brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong
Stock Exchanges as well as the Bombay and National Stock Exchanges
in India.
For more information please visit www.sc.com. Explore our
insights and comment on our blog, BeyondBorders. Follow Standard
Chartered on Twitter, LinkedIn and Facebook.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQDLFBDLFXFBQ
(END) Dow Jones Newswires
December 07, 2017 11:41 ET (16:41 GMT)
Standard Chartered (LSE:STAN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Standard Chartered (LSE:STAN)
Historical Stock Chart
From Apr 2023 to Apr 2024