Standard Chartered Updates Financial Reporting
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a more detailed analysis. It appears to be a general update on changes to the presentation of Standard Chartered's financial information, which does not directly impact the company's financial performance or outlook.
Key Points
- Changes to the allocation of Central & Others (C&O) items
- Simplification of product income hierarchy reported for the segments
- Changes in geographic reporting
- Removal of accounting asymmetry from underlying net interest income (NII)
Summary
The bank is making changes to its financial disclosures, including the allocation of central costs and simplification of product income reporting.
Standard Chartered PLC is making changes to its financial disclosures, including the allocation of central costs to business segments, simplification of product income reporting, and changes to geographic reporting. The bank states these changes do not impact the reported financial performance of the Group, and all previous guidance remains unchanged.
GENERAL UPDATE