Thu 03/30/2023 07:43 AM
Relevant Document:Banking Act 2009
The financial sector over the last few weeks of March has been highly reactionary and skittish. The market sentiment, together with interest rate hikes and persistent high inflation, all but
pulled the trigger on the U.S.-based Silicon Valley Bank, or SVBUS, causing its collapse.
The demise of its subsidiary, Silicon Valley Bank UK Ltd, or SVBUK, could have brought with it one of the most impactful uses of the Bank Insolvency Procedure, or BIP, contained in...
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