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STAN Standard Chartered Plc

677.80
-1.40 (-0.21%)
Last Updated: 10:39:29
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Standard Chartered Plc LSE:STAN London Ordinary Share GB0004082847 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -0.21% 677.80 677.40 677.60 683.80 677.60 679.80 814,255 10:39:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 18.02B 3.47B 1.2403 5.48 19.02B

Standard Chartered PLC Statement on finalisation of Basel III reforms (7458Y)

07/12/2017 4:41pm

UK Regulatory


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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

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(END) Dow Jones Newswires

December 07, 2017 11:41 ET (16:41 GMT)

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