Financial Services Financial Services

Comment: Silicon Valley Bank resolution looks like a win for UK authorities

By Fiona Maxwell and Phoebe Seers
  • 13 Mar 2023 12:59
  • 13 Mar 2023 12:59
The rapid rescue of the UK operations of a US bank relied on by the technology sector will have British regulators and politicians patting themselves on the back.

The Bank of England today confirmed it had placed the UK arm of Silicon Valley Bank into resolution: successfully saving thousands of depositors

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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