FSA warns on private equity

The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.

In a report published on 11 June, the UK regulator also added that, although it was concerned over the potential for market abuses by private equity firms, it did not see the need to impose stricter regulation on them.

Instead, the watchdog opted for its characteristic "soft touch" approach to regulation by urging private equity firms to "d