LONDON Aug 4 HSBC's Chief Executive
Stuart Gulliver said it would cost his bank "hundreds of
millions of pounds" each year to separate its UK retail
operations and would cost a "very substantial" one-off amount to
HSBC said on Monday a growing body of international
regulations was putting its staff under unprecedented pressure
and discouraging them from taking risks.
The bank said it was spending about $800 million a year more
on compliance as it deals with tougher regulatory requirements.
(Reporting by Steve Slater; Editing by Matt Scuffham)