BoE launches system-wide test on private markets
Second ever exploratory scenario to include major asset managers; results expected in early 2027
The Bank of England has launched a large-scale exercise to probe the risks that private markets might pose to financial stability in the UK.
The UK central bank today (December 4) announced its second ever system-wide exploratory scenario (Swes), which will focus on markets where non-bank institutions invest in businesses via private equity and private credit.
“Having grown significantly over the past decade, including in the UK, [private markets] now play a major role in financing UK companies,”
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