Reported 7 months ago
UK regulators have instructed Barclays to conduct a review of its leveraged finance business amid concerns about how lenders in the industry are assessing their exposure to private equity giants. The Bank of England's Prudential Regulation Authority has mandated the review, which involves bringing in an external expert to examine practices and produce an independent report. This is the first of several anticipated reviews into leveraged finance, sparked by banks' difficulties in measuring exposure to private equity firms.
Source: YAHOO