By HSBC’s own estimates the emerging markets will account for 54% of global economic output by 2050 – up from 27% in 2010. In a list of the 30 largest economies by then, 19 are ones currently described as 'emerging markets' and in which HSBC already has a strong presence. In other words, the bank is ideally positioned for the global economy of the 21st century.
HSBC is also well known for having eschewed the more racy parts of capital markets trading and for baulking at super-sized bonuses since long before the crisis. This means its transition to the new regulatory environment may also be smoother than for its rivals.
