Bank of England Governor Andrew Bailey has cautioned that recent failures in the private credit sector should not be dismissed as isolated incidents, highlighting the market’s opacity and its potential to amplify shocks reminiscent of the 2008 financial crisis, according to a report by Reuters.
Speaking in an interview with Reuters, Bailey referenced recent collapses – including British mortgage lender Market Financial Solutions and US-based First Brands and Tricolor – as examples of how problem...
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