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16 March 2023

Opening remarks by Commissioner McGuinness at the European Parliament plenary debate on 'Failure of the Silicon Valley Bank and the implicat

Thank you for the opportunity of this debate, which is very timely.

And to say that we are monitoring the situation in the US carefully.

The direct impact on the European Union seems to be limited.

But we should reflect on whether there are lessons to be learned for the European Union's banking...

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