Banking
UK banks to consider private equity risks after BoE warning
Lloyds’ finance chief said his bank was ‘careful’ when it comes to risk, amid pressure on lenders
Bank leaders in the UK have promised to consider a warning from regulators about exposure to private equity.
It came after the Bank of England warned this week that the recent private equity boom, which has seen assets under management grow to $8 trillion in the last decade, could pose threats to financial stability.
Rebecca Jackson, an executive director at the British central bank, said very few lenders currently "carry out routine, bespoke and comprehensive ...
