A Bank of England (BOE) report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
The BOE’s biannual Financial Stability Report, issued Thursday, said risk management practices in private equity “need to improve,” including among lenders to banks. The BOE’s Financial Policy Committee will consider regulatory work from the U.K. Financial Conduct Authority and Prudential Regulatory Authority to address these issues, with international coordination important, the bank noted.
