Barclays (BARC LN) faces scrutiny by UK Regulators over SRT deals, Bloomberg reports
Importance
Level 1
- UK regulators have told Barclays to assess its processes for significant risk transfers, deals that let banks offload loan risk and support growth, Bloomberg reports
- Barclays is one of the largest SRT issuers
- The bank is reportedly commissioning a section 166 review, which typically involves appointing a consultancy to examine a firm’s activities, soources said