The opaque bank financing behind private credit keeps drawing supervisory and legal scrutiny, so capital rules will tighten in stages and raise funding costs for the leveraged borrowers that relied on private lenders during the low-rate years.
forming · confidence 40 · Emerging (watchlist) · tracking since October 19, 2026 · updated October 19, 2026
The FT reports the PRA is acting on an insider complaint that derivatives Barclays used to finance private-credit loans carried more risk than the bank reported, cutting its capital charges. A named supervisor examining a named bank is the staged capital tightening the thesis expects.
Supporting · October 19, 2026
Bank of England examines whether Barclays traders understated private-credit risk to cut capital charges
The FT reports the PRA is acting on an insider complaint that derivatives Barclays used to finance private-credit loans carried more risk than the bank reported, cutting its capital charges. A named supervisor examining a named bank is the staged capital tightening the thesis expects.
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