► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />António Simões, chief executive of HSBC responsible for UK and Europe, defends the universal banking model in the face of tougher regulation and higher costs. He speaks to the FT’s Martin Arnold.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
