Bank of England has urgently requested details on private credit exposure

The Bank of England is requiring banks to report private credit exposure.

Reuters reported on the Bank of England’s Prudential Regulation Authority (PRA) having identified risks in private credit and leveraged lending. It has urgently requested details including information on individual clients. Banks such as JP Morgan, Goldman Sachs and Bank of America have been given until the end of this month to respond.

This article was written by Eamonn Sheridan at Source