Posted 12/7/2023, 11:26:00 AM
Bank of England Seeks Greater Transparency into Banks' Private Credit Risks
- Bank of England asks banks to disclose private credit exposure due to systemic risk concerns
- Global private credit market grew over 40% since 2020 to nearly $1.5 trillion in 2022
- Regulators worry about opacity and vulnerabilities in private credit markets
- Banks asked to provide details on individual client exposures by end of 2023
- Separate Financial Conduct Authority review underway on risks in leveraged loan market