Financial Services: Regulation

(asked on 14th March 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what plans they have, if any, to assess the effectiveness of financial regulation in the UK following the failure of Silicon Valley Bank.


Answered by
Baroness Penn Portrait
Baroness Penn
This question was answered on 28th March 2023

As the Bank of England Governor has said: “The sale of SVB UK highlights the workings of the regime to protect the UK financial markets and financial stability.” However government will, as expected, consider what learnings, there are from this case as we would with all cases of this significance.

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