All 1 Debates between Stephen Kinnock and Andrew Griffith

Share Page

Silicon Valley Bank

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

(1 year, 8 months ago)

Commons Chamber
Share Debate
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Andrew Griffith Portrait Andrew Griffith
- View Speech - Hansard -
- - Excerpts

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)
- View Speech - Hansard -
-

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?

Return to start of debate - Return to top of page