Bank Bosses Fear Sector Reforms Could Backfire ; Resolution Share Move
The Herald › December 15, 2011
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Summary
Extra regulations and taxes on banks will cost Barclays more than pound(s)1 billion and Standard Chartered over pound(s)323m a year, and are part of a flood of reforms that could backfire, the bosses of the two banks said.
There is a danger the proposed reforms from the Independent Commission on Banking do not strike the right balance between protecting customers and letting banks help the overall economy, said Standard Chartered chief executive Peter Sands.See the full content of this document
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Bank Bosses Fear Sector Reforms Could Backfire ; Resolution Share Move
That trend had increased the argument ...
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