From Lexology

As we continue to work with clients regarding the Bank of England’s statement as to its intention to apply to place Silicon Valley Bank UK Limited…

12 March 2023

In a joint statement, the U.S. Treasury, the FDIC and the Federal Reserve Board announced that all depositors, both insured and uninsured, of Silicon…

12 March 2023

Silicon Valley Bank (SVB), the US’s 16th largest bank, was closed on Friday 10th March 2023. SVB’s UK operations were conducted through its subsidiary…

12 March 2023

Today, following the failure of Silicon Valley Bank (SVB) on March 10, 2023, U.S. Treasury Secretary Janet Yellen approved actions enabling the…

12 March 2023

On Friday, March 10, 2023, the Federal Deposit Insurance Corporation (“FDIC”) was appointed the receiver for Silicon Valley Bank (“SVB”). The FDIC…

11 March 2023

The NGO ClientEarth has brought an application for permission to bring a judicial review against the UK’s Financial Conduct Authority (FCA), alleging…

08 March 2023

Following its previous work on a new “strong and simple” prudential framework for non-systemic UK banks and building societies (see our previous blog…

08 March 2023

In an address to the 2023 Institute of International Bankers Annual Washington Conference, Acting Comptroller of the Currency Michael J. Hsu…

08 March 2023

On 10 February 2023 the French regulator (Autorité des Marchés Financiers (“AMF”)) published its proposals as to changes it believes the European…

07 March 2023

Under a proposed amendment to the UK’s Financial Services and Markets Bill, the Prudential Regulation Authority (PRA) could be empowered to review…

07 March 2023