UK's Griffith Says There Was `Competitive Interest' In SVB UK Unit

The transcript discusses the swift resolution of the SVB UK situation, highlighting HSBC's acquisition and the government's role in ensuring financial stability. It addresses systemic risk, the Banking Act, and the importance of protecting the tech sector. The discussion also covers the regulatory framework, market competition, and the UK's focus on tech and science sectors. The openness of the UK economy and the role of foreign investment are emphasized, along with the need for strong economic foundations.

What measures were taken to ensure the safety of depositors during the transition?

What are the government's plans to support the tech and life sciences sector in the UK?

How does the UK government view its reliance on foreign investment in light of the SVB collapse?