It is worth reminding you that three banks - HSBC, RBS and Barclays - each have gross loans and investments equivalent to annual British economic output, GDP, or more.
Strong fundamentals along with ample liquidity, which will remain in the system even after the end of QE2, and a lagging, even deteriorating economic outlook for developed nations, will provide support for EM investments in the short-term, according to HSBC.