Debateable statement of the day September 25, 2013 at 10:55 am

From Douglas Flint, chairman of HSBC:

“Size is too simple a metric… It really doesn’t matter from a systemic point of view whether you have four banks or forty banks in a market. It’s the system’s asset concentration – principally in government debt and in mortgage debt – that can be dangerous.”

Colour me unconvinced.

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