Debates between Andrew Griffith and Stephen Kinnock during the 2019 Parliament

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Silicon Valley Bank

Debate between Andrew Griffith and Stephen Kinnock
Monday 13th March 2023

(1 year, 1 month ago)

Commons Chamber
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Andrew Griffith Portrait Andrew Griffith
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I can absolutely give my right hon. Friend that assurance. In doing so, let me also pay tribute to her work as a Member of the European Parliament between 2009 and 2017, when she led on banking reform.

Stephen Kinnock Portrait Stephen Kinnock (Aberavon) (Lab)
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The Minister said that SVB UK was a subsidiary of the American bank, but in this country a separate banking licence was given to SVB UK. May I therefore push him on the risk assessment around liquidity? When the banking licence was given, what risk assessment was conducted, particularly given the concentration of a small number of corporates in the deposits to SVB UK?

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