Top StanChart Banker’s Promotion Faces Regulatory Scrutiny
- Judy Hsu has yet to clear Bank of England assessments: sources
- Bank expects more conversations to take place with the PRA
This article is for subscribers only.
British regulators are seeking further conversations with Standard Chartered Plc to gain comfort that one of its top executives is ready to assume greater responsibility, according to people familiar with the process.
The Bank of England’s Prudential Regulation Authority hasn’t yet been persuaded in initial contacts that Judy Hsu can take over as regional chief executive officer for Asean and South Asia, said the people, who asked not to be identified speaking about the confidential process. That has led to questions about if and when she can formally assume the role at the emerging-markets lender, the people said.