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Bank of England Probes Lenders’ MFS Exposure
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Bank of England Probes Lenders’ MFS Exposure
The Bank of England is reportedly questioning lenders, including Barclays, regarding their exposure to the collapsed UK mortgage lender, Market Financial Solutions (MFS). According to the Financial Times, officials at the central bank’s Prudential Regulation Authority (PRA) have requested information from lenders concerning funds extended to the Mayfair-based bridging loan provider. The PRA is reportedly concerned that banks may not have perform…
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