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Howard Winn

Should HSBC's chairman Douglas Flint resign?

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Douglas Flint: On thin ice. Photo: Reuters
Howard Winn is a former columnist of the South China Morning Post

Will HSBC Holdings' chairman Douglas Flint hold on to his job amid the turmoil swirling around the banking giant and the revelations about its Swiss business?

An article in the Financial Times quotes from a speech Flint made in April 2013 in which he said: "[Banking] supervisors should care more about tone from the top, how ethics and values are taught and reinforced, how values are enforced and rewarded, and how an organisation looks for and adapts to changing expectations within the communities it serves." It then suggests that "for the good of his own reputation as well as that of his institution and British banking, Mr Flint should go".

The writer is Robert Jenkins, a former member of the Bank of England's financial policy committee and a senior fellow at Better Markets that describes itself as a nonprofit organisation that promotes the public interest in financial reform in the domestic and global capital and commodity markets.

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