Standard Chartered PLC Q3 2023 Earnings Call Transcript

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

Question: Raul Sinha - JPMorgan Chase & Co, Research Division - Analyst : A couple of follow-ups, please, if I may. The first one is just coming back to the risk appetite for lending growth going forward. I guess one of the things investors have struggled with in the past is chasing loan growth for the sake of it, when better rates happen in the sector. And so could you perhaps outline for us whether or not any structural changes in risk appetite are kind of being planned? If we were to be in a situation where loan growth continued to be lower than your expectations, I guess that probably means lower RWAs as well, probably more capital, should we then think about a scenario where investors can get perhaps higher capital returns if there isn't any loan growth? Or do you think that your markets offer you enough underlying loan growth potential anyway that you don't see yourself getting into a situation where the CET1 is perhaps above 14%? That's the first one. And the second one is just on credit quality. I guess you've called out very clearly some of the challenging areas within the book. Outside of the book, things are pretty resilient. And you're obviously reiterating the guidance on loan loss provisioning. Moving into next year, are there any other areas that you would flag that you would be monitoring very closely from a credit quality perspective? I guess that's one of the things that's perhaps weighing on the mind of investors as well.