ECB Pushes Banks to Fix Shortcomings in Private Market Exposures
The European Central Bank's top bank supervisor said the watchdog is pushing lenders to address shortcomings in how they manage risks from their dealings with direct lenders and buyout firms.
The comments in a blog post by Supervisory Board Chair Claudia Buch confirm a Bloomberg report on Friday, which said the ECB is escalating its scrutiny of lenders' exposures to private funds amid concerns that the fast ascent of related asset classes raises substantial new risks.
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