> BoE used special resolution powers to “Transfer to a Private Sector Purchaser”ie “without need for consent of the failed bank, or its shareholders, customers

> BoE used special resolution powers to “Transfer to a Private Sector Purchaser”ie “without need for consent of the failed bank, or its shareholders, customers or counterparties”… > ALSO…Forcing UK arm to subsidiarise with separate assets in August (when it reached £100m insured deposits) essentially frozen in UK by authorities and then able to be handed to HSBC (ie avoiding parent company/ Fed swiping them back to US) seems impressive UK regulatory success https://twitter.com/faisalislam/status/1635184963414024195 https://twitter.com/faisalislam/status/1635184963414024195