HSBC’s Flint Warns Borrowing Costs Will Rise, Telegraph Says

Douglas Flint, the chairman of HSBC Holdings Plc, said the Bank of England’s new Financial Policy Committee is likely to increase borrowing costs for companies, the Sunday Telegraph reported, citing a speech.

The committee, which has proposed to have powers over the amount of capital that lenders should hold, would reduce companies’ access to credit and increase its cost, Flint said in a speech to corporate treasurers in Liverpool, according to the report.

To contact the reporter on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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