- HSBC's acquisition of SVB UK's £5.5bn loan book helped the bank keep its Asian and Western operations together.
- HSBC partnered with Rothschild and the UK authorities to assess the potential risks and benefits of the acquisition.
- The UK's institutional architecture after the 2008 financial crisis passed its first big test.
- HSBC's biggest challenge will be managing the culture clash between its big company bankers and the entrepreneurial growth companies of SVB UK.
- Regulators need to resist industry lobbying to lighten up further.
HSBC and the City won this round — but hard work lies ahead
Regulations put in place in the UK after the global financial crisis passed their first big test with the Silicon Valley Bank rescue
Philip Augar
