Chairman Douglas Flint tells MPs banks have lost their 'right to self-determination' because of errors made in the past HSBC will not decide whether to shift its head office out of London until 2015 because of uncertainties caused by the Independent Commission on Banking and new European rules. Douglas Flint told MPs and peers examining the so-called Vickers proposals that a review – scheduled for 2011 – would be put on hold until it was clearer where the "ringfence" between high s...
HSBC delays decision on moving HQ until 2015 due to Vickers uncertainty
The Guardian - 5 Nov 2012 23:43
Chairman Douglas Flint tells MPs banks have lost their 'right to self-determination' because of errors made in the past HSBC will not decide whether to shift its head office out of London until 2015 because of uncertainties caused by the Independent Commission on Banking and new European rules. Douglas Flint told MPs and peers examining the so-called Vickers proposals that a review – scheduled for 2011 – would be put on hold until it was clearer where the "ringfence" between high s...
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