Asked about HSBC's white knight role, Hunt said the finance ministry had been neutral as to what the solution for SVB's UK arm was, and his priority was to avoid using British taxpayer money.
"We were looking at all options and we needed to be sure that if the sale didn't happen, we had other solutions ready," he said. He repeated reassurances that the situation with SVB's UK arm did not pose any risk for Britain's financial system.
"The UK banking system is extremely secure, it's well
capitalised," he said.
(Reporting by Sarah Young, Editing by Kylie MacLellan)