The London-based chief executive of one of Asia's leading banks has launched a caustic attack on the direction of global regulation and warned there will be a “real cost . . . borne by the economy” if current regulatory reforms are implemented.
Peter Sands, chief executive of Standard Chartered, the emerging markets bank, said in an interview that policymakers were “kidding themselves” if they thought higher capital and liquidity requirements would be absorbed by banks and their shareholders.
“The reality is that a lot of that incremental cost will just get passed on to their customers in terms of increased pricing,” Mr Sands said. “This is not a risk-free, cost-free game here.”
您已閱讀43%（685字），剩餘57%（922字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。