Silicon Valley Bank Collapse
As you will likely be aware, yesterday US banking regulators took possession of Silicon Valley Bank, citing inadequate liquidity and insolvency, and subsequently the Bank of England published a statement.
We are aware there is potential exposure to HealthTech firms given the Banks known assets in technology and life sciences. As such, we have been in touch with government officials and analysis is underway to understand the severity, or otherwise, of this exposure, and any potential response required.
To support such analysis, please do share any insights and concerns by writing to me at eleanor.charsley@abhi.org.uk.
We will keep you updated as the situation progresses.
