Bank of England Warns of Rising Private Credit Risks and Potential Crisis
TL;DR Summary
Bank of England Governor Andrew Bailey warns of rising risks in the private credit markets, drawing parallels to pre-2008 financial crisis practices, amid recent failures of US companies First Brands and Tricolor, and considering a systemic stress test for the market.
Topics:business#andrew-bailey#bank-of-england#finance#financial-crisis#private-credit-market#risk-management
- BoE’s governor says ‘alarm bells’ ringing over private credit market Financial Times
- Bank of England compares collapse of US private credit firms to 2007 sub-prime crisis - business live The Guardian
- Bank of England's Bailey says First Brands, Tricolor collapses may herald worse to come Reuters
- Bank of England Warns of Growing Private Credit Risks Bloomberg.com
- Bailey: Shadow banking crisis has echoes of 2008 crash The Telegraph
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
88%
335 → 41 words
Want the full story? Read the original article
Read on Financial Times