Daily Management Review

HSBC To Retain Its Headquarters In UK


02/16/2016


A statement issued by the HSBC bank clarified as to why the group continues to remain UK based, despite facing the threats.



The giant banking body of HSBC revealed that the decision has been taken by them in favour of retaining its headquarters in the United Kingdom. Moreover, it also added that HSBC will “dropping” its review of “where it is based” that was issued once in every three years.
 
The bank said the decision to remain in the U.K came unanimously from the board, followed by the threat to HSBC for moving the business to the city of Hong Kong for retaliating “stricter UK regulation”.
 
HSBC issued a statement wherein it clarified the reason behind its decision making process, whereby the United Kingdom is:
"...an important and globally connected economy".
"It has an internationally respected regulatory framework and legal system, and immense experience in handling complex international affairs”.
"London is one of the world's leading international financial centres and home to a large pool of highly skilled, international talent. It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC."
 
Although, the strategic nucleus of the HSBC group continues to be Asia.






References:
http://www.digitallook.com/
 







Science & Technology

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

Workers Would Be Helped To Lift More By These Robotic Vests

British Parliament to assess impact of e-cigarettes

Wind energy will provide 30% of Europe's needs by 2030

A Major Platform For Artificial Intelligence Is Its Mobile Devices: Apple

Rumor: Apple will release a budget version of iPhoneX

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

World Politics

World & Politics

Japan demands to lift embargo on food from Fukushima

Bernard Arnault clarifies on Le Monde’s “Paradise Paper” report

South Korea and the U.S. present a united front against the North Korean leadership

Europe is preparing an alternative to NATO

Ten smartest cities in the world

Parties of Germany seek a common ground to create a coalition

Special counsel Robert Mueller’s Russian probe could see its first arrest today

Losing Steam Is North Korea’s Relationship With China – The Former’s Sole Ally