William Bratton is the author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.
Precedent set by Russian sanctions dramatically increases geopolitical instability


Geopolitics will, at some stage, force banks to choose between the dollar framework and a rival yuan system. © AP
William Bratton is the author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.