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Sands Says ICB Proposals Favor Creation of Risky Smaller Banks

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Jan. 27 (Bloomberg) -- Standard Chartered Plc Chief Executive Officer Peter Sands said the Independent Commission on Banking’s proposals favor the creation of lenders similar in size to those institutions that tend to fail.

Sands spoke at a debate moderated by Bloomberg Television at the World Economic Forum in Davos, Switzerland.

Link to Company News:{STAN LN <Equity> CN <GO>}

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net

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