“I would be lying if I said anything other than 2023 was extremely difficult, personally,” says Erin Platts, the former chief executive of Silicon Valley Bank UK. A year ago this month, Platts oversaw the unit’s emergency takeover by HSBC amid a meltdown in the US regional banking sector. Platts, who now runs the rescued iteration of the bank, joins Francine Lacqua and Allegra Stratton on this week’s In the City to explain why she feels the episode showed the strength of the UK regulation regime.

“I would be lying if I said anything other than 2023 was extremely difficult, personally,” says Erin Platts, the former chief executive of Silicon Valley Bank UK. A year ago this month, Platts oversaw the unit’s <a href="bbg://news/stories/S71EUPDWLU68" data-web-url="https://www.bloomberg.com/news/articles/2024-01-10/hsbc-integration-of-silicon-valley-bank-uk-is-done-says-ceo-platts?sref=fSOf3OlP" data-cke-saved-href="bbg://news/stories/S71EUPDWLU68">emergency takeover</a> by HSBC amid a meltdown in the US regional banking sector. Platts, who now runs the rescued iteration of the bank, joins Francine Lacqua and Allegra Stratton on this week’s In the City to explain why she feels the episode showed the strength of the UK regulation regime.

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

A Year Later, Lessons From Silicon Valley Bank UK's Rescue

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/82bde64d-9cf8-4940-98b4-b13200958645/transcript

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