Standard Chartered is taking into consideration relinquish its London base due to the government's impose on bank balance sheets and other authoritarian changes.

Standard's chief executive Peter Sands expressed that as reported in its 10th successive year of record first-half profits, the coalition government might have augmented the corporation tax on banks slightly than compel the levy, which he termed as might be complicated to implement.

He further added that the bank's shareholders had been quizzical on the bank's judgment to be based in London, as almost of its $3bn of first-half profits are crafted in the developing markets of Asia, Africa and the Middle East.

Sands listed the charge, along with modification to pay rules, new capital necessities and the government's commission into whether huge financial institutions might be busted up as rationale to question being based in London. He further expressed that there is no uncertainty that the urging for London have undermined relative to other centers although he confess that the bank had not measured where else it could be based instead.