Bank of England might need new powers to assess private markets, lawmakers say

UK Lawmakers Urge Stronger Bank of England Powers

British lawmakers are advocating for the Bank of England (BoE) to receive expanded authority to collect data on private credit markets. This push comes amid concerns that an upcoming stress test may not fully reveal the risks associated with this rapidly growing and somewhat opaque sector. A cross-party House of Lords committee published a report titled “Private markets: Unknown Unknowns”, highlighting insufficient data to assess whether private…

Bank of England might need new powers to assess private markets: lawmakers

This is if a landmark stress test fails to shed enough light on risks posed by the fast-growing but opaque market

Bank of England might need new powers to assess private markets, lawmakers say

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