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Banking

Bank of England asks banks to report private credit exposure -sources

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsLONDON, Dec 7 (Reuters) - Britain's top financial regulator has asked banks active in the so-called private credit market for details of their exposure to an area which it has identified as a top systemic danger, people with knowledge of the matter told Reuters.The global market for private credit, which largely involves leveraged loans made to indebted companies, grew to nearly $1.5 trillion in 2022, a jump of...
Currencies

US says some crypto firms not doing enough to stop illicit finance

U.S. Deputy Treasury Secretary Wally Adeyemo speaks at the Royal United Services Institute in London, Britain, October 27, 2023. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance - a subject which has come under renewed scrutiny following the deadly attacks in Israel by Palestinian militant group Hamas.U.S. Deputy Treasury Secretary Wally Adeyemo, speaking at an event in London, said the "vast majority" of financial...
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