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BoE probes Barclays’ handling of private credit loans

FT report says PRA investigating misallocation of derivatives following internal complaint

Barclays

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

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