The governor of the Bank of England, Andrew Bailey, is joined by other senior BoE leaders to give evidence to the Treasury Select Committee on the collapse and purchase of Silicon Valley Bank UK Read more:
Andrew Bailey, governor of the Bank of England, was speaking to the Treasury Committee about the recent rescue of SVB UK by HSBC.The Bank of England governor has told MPs the regulator is currently in a period of"very heightened tension and alertness".
He said:"I do not want to give you for a moment the idea that we are not very vigilant because we are, we are in a period of very heightened, frankly, tension and alertness and we will go on being [in that position]." "A very striking feature of the Silicon Valley Bank run, not so much of the Credit Suisse run by the way, was just the speed with which it took place", he said.
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