Barclays (BARC LN) faces scrutiny by UK Regulators over SRT deals, Bloomberg reports
- 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
Context
Barclays is under scrutiny from UK regulators regarding its significant risk transfer (SRT) deals, which could imply potential regulatory adjustments or increased compliance costs. The commission of a section 166 review suggests a deeper investigation into its risk management processes, potentially impacting investor sentiment and operational strategies, especially as Barclays is a major player in this market.
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