简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Financial Conduct Authority (FCA) has been working closely with other regulatory bodies, including the Bank of England, the Prudential Regulation Authority (PRA), the Financial Services Compensation Scheme (FSCS), and the UK Government, in the wake of recent events at Silicon Valley Bank.
Following recent events at Silicon Valley Bank, the Financial Conduct Authority (FCA) has been collaborating closely with other regulating agencies, including the Bank of England, the Prudential Regulatory Authority (PRA), the Financial Services Compensation Scheme (FSCS), and the UK Government.
The UK affiliate of the US bank, Silicon Valley Bank UK Limited (SVBUK), will be sold to HSBC UK Bank Plc in a combined decision taken by the Bank of England, the PRA, HM Treasury, and the FCA this morning (HSBC).
SVBUK will carry on with business as usual despite the management shift because it is still permitted by the FCA and PRA. Due to the deal, depositors' money is secure, and SVBUK clients will be able to exercise all of their other consumer rights in addition to the Financial Services Indemnity Plan and Financial Ombudsman Service.
Clients of SVBUK shouldn't anticipate any changes to their financial services and can continue to reach the bank through the normal routes.
In conclusion, regulatory agencies decided to transfer Silicon Valley Bank UK Limited to HSBC UK Bank Plc after closely coordinating their efforts in the wake of the recent events at Silicon Valley Bank to guarantee the safety and security of customers' money. SVBUK will carry on as usual despite the shift in control, so clients shouldn't anticipate any interruptions to their financial services or consumer rights.
Install the WikiFX App on your smartphone to stay updated on the latest news.
Download link: https://www.wikifx.com/en/download.html?source=fma3
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.