Silicon Valley Bank UK

Summary

To ask the Chancellor of the Exchequer, whether any (a) team in his Department, (b) Executive agency and (c) other public body had responsibility for assessing the (i) sustainability and (ii) viability of Silicon Valley Bank UK's (A) capital structure and

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Timeline

1. 14 March 2023

   Written question

   To ask the Chancellor of the Exchequer, whether any (a) team in his Department, (b) Executive agency and (c) other public body had responsibility for assessing the (i) sustainability and (ii) viability of Silicon Valley Bank UK's (A) capital structure and

   Source: Commons

2. 21 March 2023

   Answer

   Authorisation decisions are for the independent regulators to comment on. The operationally independent Prudential Regulation Authority (PRA) is responsible for the supervision of financial institutions operating in the UK.

   Source: Written answer

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Sponsors

• · Treasury · Answering body

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