BoE Examines Barclays Over Alleged Misrepresentation of Private Credit Risks
The Financial Times reports that the Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk, citing people familiar with the matter.
The Bank of England is looking into whether Barclays traders misrepresented illiquid private credit loans, understating the risks, the Financial Times reported on Monday, citing people familiar with the matter. The issue was brought to light by an insider. Barclays and the Bank of England did not immediately respond to requests for comment.