Full Year 2018 Standard Chartered PLC Earnings and Investor Update Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Thomas Andrew John Rayner - Numis Securities Limited, Research Division - Analyst : It's John Rayner from Numis. Can I have two, please? The first, on sort of normalizing to 40 basis points of impairment charge. The sort of underlying conditions which drive that possibly would also drive some positive [push at the guarantee] and RWAs might also require you to build coverage against your stage 1 and stage 2 performing assets. I wonder, have you factored those things to any extent into the overall financial targets? And I've got a second question, just on the U.S. provision in terms of what new information that you have allowed you to take that provision. And is there anything else you can add about potential non-financial penalties, or is that something that you just can't talk about at the moment?

Question: Thomas Andrew John Rayner - Numis Securities Limited, Research Division - Analyst : Yes, sorry, being greedy. Tom again. Can I just ask you about how you see the phasing of your move from 5% to 10%? Because some of those items look like they should come through as profits recover. Others look like they might be a bit backloaded. Some of the RWA optimization maybe is backloaded. I mean, what sort of interim targets have you set yourselves to try and gauge whether you're actually on track to hitting your 10% by the time that you've set? Can you add some color around that first, please?