International Monetary Fund (IMF) said today that it is monitoring the potential impact of its collapse on financial stability. Silicon Valley Bank.

At the same time, he stressed that he was confident that Washington was taking appropriate regulatory measures.

“We are closely monitoring developments and their potential impact on financial stability and have full confidence that policymakers in the United States are taking the appropriate steps to remedy the situation,” an IMF spokesman told Reuters.

US Treasury Secretary Janet Yellen announced this today. works closely with relevant US banking regulatorsreacting to the collapse of Silicon Valley Bank (SVB) to protect depositors, but saying it was not major financial assistance is being considered.

“Let me be clear that during the financial crisis, investors and owners of the systemic big banks were bailed out… The reforms that have been made mean we won’t be doing that again,” Yellen said on CBS Sunday. Morning news.

Takeover bid from Bank of London

On Sunday evening, the Bank of London announced that submitted an offer to Silicon Valley Bank UK, a subsidiary of SVBadding that he sent his proposals to the British authorities, including the Treasury and the Bank of England.

“Can’t let the Silicon Valley bank failgiven the vital community it serves,” said Bank of London co-founder and chief executive Anthony Watson.

The Bank of England said it is seeking a court ruling to declare Silicon Valley Bank UK insolvent.

Source: APE-Reuters.