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Bank regulators must avoid ‘too small to fail' in wake of SVB UK sale, BOE's Bailey says

By Fiona Maxwell ( June 13, 2023, 16:24 GMT | Insight) -- Policymakers must get to the bottom of whether uninsured depositors' funds are untouchable in a bank failure, Bank of England Governor Andrew Bailey told a committee of lawmakers. The recent downturn of Silicon Valley Bank saw public funds being used in the US to prevent tech companies' deposits being lost, and an emergency sale brokered by the BOE of SVB's UK arm to HSBC. Financial regulators should not end up in a position where they have solved “too big to fail” only to be faced with “too small to fail,” Bank of England Governor Andrew Bailey told UK lawmakers....

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