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

April 22 (Bloomberg) -- 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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