Bank of England to give evidence to Treasury Committee on collapse and rescue of Silicon Valley Bank UK

The Governor and senior leaders from the Bank of England will give oral evidence to the Treasury Committee on the collapse and subsequent purchase of Silicon Valley Bank UK, after the cross-party Committee of MPs asked for details on how SVB UK was supervised before its collapse, the Bank’s initial intention to place SVB UK into insolvency and its subsequent sale, how HSBC was chosen as a purchaser, and what lessons can be learnt from the episode about the regulation of banks and the post-financial crisis regulatory framework. More from the UK Parliament.