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The Bank recently posting record profits in first half of $3. 12bn (￡ 1. 97bn), said that he was to mobilize funds to get ahead of the regulatory changes introduced in the wake of the financial crisis and the subsequent recession.

Investors are offered 1 new share to ￡ country for each 8 existing shares that they hold .c ' is a 33pc discount to the course of closing stock Tuesday.

Peter Sands, Executive Director of Standard Chartered, said: "We let this problem of rights so that we can continue our strong organic growth record and take full advantage of these possibilities, so that at the same time, in preparation for likely needs resulting from the implementation of Basel III. capital increases"

For the past five years, the Bank changed its scale with a number of small purchases but significant emerging in Asia, Africa and the Middle East .his dominance in Africa market is disputed by HSBC buys participation in the fourth largest bank Nedbank, 70pc South Africa.

"This is not a warchest to acquisitions." "This is a strategy based on the growth of the orgainic," underlined Mr. Sands.

He said the question of rights was made from a position of financial strength - the Bank has continued to make good in the third quarter progress - and while he was still uncertainty concerning the requirements of Basel III, the Bank believes that fundraising is quite meet the requirements.

It was better to being too soon, as being too late, he said.

Standard Chartered has a base level 9pc capital ratio.Although it is already above the minimum targeted 7pc, large banks as Standard Chartered are being hit with a systemic risk premium of up to 4pc over capital.Un another 2pc will be added to the booms as buffer counter-cyclical to protect themselves against subsequent busts.

The Commission considers that the impact of the rights issue will be to increase the ratio of capital base level 1 forecast by approximately 2 percentage points, adding to $30bn stock .the Bank Bank is a value of ￡ remained.

Mr. Sands was among a number of bankers top page of the Conference of the Institute of international finance in Washington, who claimed that the markets are require capital ratios elevator industry to new levels of regulatory much more quickly than expected last week.

Global regulatory officials gave eight years to comply but shareholders, counterparties and debt investors - banks as well as supervisors at United Kingdom, and the United States Switzerland - appetite for banks to implement the policy much earlier.

Temasek, main shareholder of the company intends to resume its rights issue fully subscribed by JP Morgan Cazenove, Goldman Sachs and UBS.Administration also take their rights.

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