Goldman Sachs, Oaktree and ICG Join Private Credit Stress Test

Goldman Sachs, Oaktree and ICG join private credit stress test

Goldman Sachs, Oaktree and Carlyle will take part in the Bank of England’s inaugural stress test of the burgeoning private credit sector this week, City AM can reveal. Britain’s central bank is poised to carry out its first ever “system-wide exploratory scenario exercise” of so-called shadow banks in the coming weeks, in a bid to to probe how the increasingly pivotal corner of UK finance would fare during a downturn in market conditions. The UK’…

US private markets firms join BoE stress test

Blackstone, Apollo and KKR have agreed to take part in the Bank of England’s planned stress test of the private credit market, according to a report by the Financial Times citing people familiar with the matter. The central bank is expected to confirm the exercise this week. Ares Management and CVC are also set to join the system-wide exploratory scenario, which will assess how non-bank lenders would respond to a severe market shock. The move fo…

Bank of England set to stress test private markets

The Bank of England (BoE) is set to stress test private markets to identify risks, it has confirmed today. The Bank said that while private markets have been resilient to date, they have grown significantly over the past few years and have “not been tested through a broad-based macroeconomic stress at their current size”. “In order to enhance understanding of the broader risks and dynamics of private markets, the Financial Policy Committee (FPC)…

Bank of England to stress test private markets

The Bank of England (BoE) has outlined plans for a stress test focused on the resilience of private markets, highlighting concerns around private credit following the high-profile collapses of First Brands and Tricolor. It told Alternative Credit Investor it will begin the exercise this Thursday (4 December). In its latest Financial Stability Report, the Bank […] The post Bank of England to stress test private markets appeared first on Alternati…