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Regulatory News


Statement on finalisation of Basel III reforms

Thu, 7th Dec 2017 16:40


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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