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London has lost its luster for Standard Chartered staff. Photo: GETTY

Mr. Sands, who last week announced a ￡ 3 United rights issue compliance support the Bank with the new rules of Basel III capital, revealed "balance of attraction" had moved out of the capital.

At Standard Chartered could consider never deviating from its Chief areas of the city, Mr. Sands replied that, although it was still pending, a major company could be a distraction and would be expensive. Only 2,000 of 85,000 Standard Chartered staff members are based in the United Kingdom.

"Move a bank is a complex issue," he said."Displacement comes quite rapidement.La question is where the growth is happening."For us, for the functions not specifically related to a particular place, people can be in London, Hong Kong, Dubai, Singapore and other endroits.Très few of them chose London.

"Yes, it has been a fall off the coast [in people coming to the United Kingdom] .the ' balance of attraction for people was clearly away from London."

He said that London is still an important financial centre and that even if the Bank is moved, it would still need a large UK based.

"The problem in the context of the UK is that it is a global market for talent and we are witnessing the intense competition for talent in our markets, particularly in places like Asia.

"The international mobility of talent is a pertinent question that the question of the home."

"London is still the international banking centre in the world." And whatever happens, we're going to do an operation important here for this home raison.déplacement is not something that we would rush to do and we do not plan to faire.principalement because it is a huge distraction.?

Talk about the issue of rights, M. Sands denied that he was "the first advantage author" more moving forward markets competitors of the Bank.He said that other banks based in the United Kingdom have different approaches in Basel III and would not necessarily have to raise capital.

"In terms of the rest of the industry, I want too fate," he said.

"Banks are in very different areas, in terms of starting capital positions, business models and prospects for something croissance.La is the engine of our decision-making process is the fact that we are a company with great momentum and growth prospects very importante.Si we had no prospects for growth equation would be different."

Mr. Sands said that the Bank was considering opportunities for growth in Asia, notably China and Indonesia and South America and taking advantage of the huge financial worldwide as stream retrieves the global economy.

He warned that battles on currency and protectionism could be very damaging to the economy mondiale.M.Sands, who was the Summit of the international monetary fund in Washington last weekend also said that the United States should not become obsessed by the value of the yuan.

"Moving the value of the renminbi is not a panacea cure China's woes", he said. "Solutions to America's economic challenges lie at home o.d. ' on the other hand, it is in the interest of China to introduce progressively more flexibility in managing their money.

"Essential to ensure it is discussions around currency becomes not wars, because the protectionism of monetary issues is as dangerous as the protectionist tariffs and goods.

"The key challenge for the Seoul G20 Summit will be to ensure that we do not have a bust-up to the currency".

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