The European Central Bank (ECB) has identified private credit as a growing risk to financial stability, alongside elevated asset valuations and expansionary fiscal policies in certain jurisdictions, according to a report by Bloomberg.
The report cites Vice-President Luis de Guindos ahead of the ECB’s forthcoming Financial Stability Review in late May, as highlighting the increasing relevance of non-bank lending channels – particularly private credit – as part of a broader set of vulnerabilities...
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