BoE probes Barclays’ handling of private credit loans
FT report says PRA investigating misallocation of derivatives following internal complaint
The Bank of England (BoE) is reportedly examining whether Barclays misrepresented private credit loans to underplay their risk following an internal complaint.
The BoE’s regulator arm, the Prudential Regulation Authority (PRA), received a complaint earlier this year raising concerns over how the bank recorded derivatives used to finance private credit loans, according to reporting from the Financial Times today. The complaint alleged that the way the bank handled the deals was in breach of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Georgieva: love it, hate it or fear it, AI is here
IMF MD’s ambivalence contrasts with Macklem’s cautious optimism and Anthropic policy chief’s bullishness
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Yue: China’s growth issues won’t impact yuan internationalisation
HKMA chief also says rising long-term bond yields have not affected Hong Kong
Supervisory culture at Fed a ‘decades-long problem’ – Bowman
Vice-chair says there will be restructuring, while ‘tailoring’ of regulations will also change
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
Stablecoins could let US firms prioritise some creditors – study
FDIC may be on hook if a bank issues coins before failing, Cleveland Fed researchers say
FSB calls for ‘urgent action’ on public liquidity backstops
Many jurisdictions at risk of having to ‘improvise under pressure’, report says