United Kingdom · Report · Written statement
UIN HCWS197
Report on the Use of the Bank of England’s Transfer Power to Resolve Silicon Valley Bank UK
Introduced
6 November 2024
Last action
6 November 2024 · Written statement
Status
Commons
Sponsors
—
Subjects
Discovery layer
Source updated
6 November 2024
Summary
In March 2023, the Bank of England used its transfer power under the Special Resolution Regime (provided for by the Banking Act 2009, as amended) to resolve Silicon Valley Bank UK by transferring ownership of the firm to HSBC UK.Section 79A of the Banking...
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
6 November 2024
Written statement
In March 2023, the Bank of England used its transfer power under the Special Resolution Regime (provided for by the Banking Act 2009, as amended) to resolve Silicon Valley Bank UK by transferring ownership of the firm to HSBC UK.Section 79A of the Banking...
Source: Commons
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
No documents linked.
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- · Treasury · Answering body
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-statements/detail/2024-11-06/HCWS197
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenstatements/statements/1739850
- uk · ws-1739850 · source updated 6 November 2024