UK regulators, including the Bank of England's PRA, order Barclays to review leveraged finance business due to concerns over exposure to private equity giants.
UK regulators order Barclays to review its leveraged finance business due to concerns over lenders' exposure to private equity giants. The Bank of England's Prudential Regulation Authority requires Barclays to commission a section 166 review, which involves an outside expert examining the firm's practices and producing an independent report. The PRA is expected to carry out more reviews in the leveraged finance sector.
June 14, 2024
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