Banking
Need to ‘shine a light’ on risks of ‘opaque’ private equity market, says Bank of England
Nathanaël Benjamin said the Bank of England was ‘doings its homework’ on the risks in private equity markets
The growing complexities, opacity and interconnectedness of the private equity market could pose risks to financial stability in the UK, regulators have warned.
Nathanaël Benjamin, executive director of financial stability strategy and risk at the Bank of England, warned a "crystallisation" of various risks could spillover into the wider economy in the UK, where private equity-backed firms employ nearly two million workers.
“Shining a light” on the market, he said, was needed to ensure it ...
