UK FCA Seeks More Private Credit Data From $16 Trillion Industry
Updated
Updated · Reuters · May 13
UK FCA Seeks More Private Credit Data From $16 Trillion Industry
3 articles · Updated · Reuters · May 13
Summary
Britain's Financial Conduct Authority is discussing an overhaul of reporting requirements with major private credit groups to secure more regular data disclosures.
Apollo, Blackstone, Carlyle, Goldman Sachs Asset Management and KKR have already agreed voluntarily to provide data to the Bank of England for a stress test of the $16 trillion global private equity and private credit sectors.
The FCA wants much of that Bank of England data shared with it on a recurring basis, according to the Financial Times.
The push is aimed at improving the quality of information the regulator receives from private credit firms while streamlining Alternative Investment Fund Managers rules.