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flag UK lawmakers push Bank of England to gain legal data access to monitor risky private credit market.

flag UK lawmakers are urging the Bank of England to gain new data powers to monitor the fast-growing private credit market, citing risks to financial stability due to lack of transparency. flag A House of Lords committee warned that insufficient data makes it hard to assess systemic threats, especially as banks shift lending to non-bank providers. flag While the BoE’s voluntary stress test—targeting the $16 trillion global private markets sector—has begun, officials say it won’t capture the full picture without legal authority to compel data from overseas firms. flag The Treasury acknowledged the concerns and will respond to the report, with final test results expected in early 2027.

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