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HSBC is the canary in the financial coal mine

Storied bank's future has implications for the geography of global banking

| Hong Kong
HSBC's logo in Hong Kong: The risks facing international banks have increased significantly.   © AP

William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.

Back in 2013, HSBC's then group CEO, Stuart Gulliver, was asked by a U.K. parliamentary committee whether HSBC was too big to manage or control. He firmly rejected this argument and in many aspects, he was right to do so.

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