ECB VP De Guindos (Q&A): Have been dealing with private credit quite a lot; exposure in Europe is more limited than in the US, the first problem is a lack of transparency

Newsquawk StaffPublished 19 Mar 2026, 14:40 UTC

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14:25

ECB President Lagarde (Q&A) says alternative scenarios will not include market pricing, but baseline forecasts will includes market pricing; the baseline anticipates what market priced in at the cut off date

14:24

Israeli military spokesperson they have taken out Iranian naval capabilities in the Caspian Sea

14:20

ECB VP De Guindos (Q&A): Have been dealing with private credit quite a lot; exposure in Europe is more limited than in the US, the first problem is a lack of transparency

14:19

BoE's Bailey says it is not appropriate to say now whether the Bank will hold or raise rates in the future

14:17

JPMorgan (JPM) and Goldman Sachs (GS) reportedly offer hedge funds a way to short private credit, according to reports

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Continuation funds are an indication there were problems in liquidity and valuation.
Leverage is another issue.
Following issues closely in the US, it could be a leading indicator.

Context

ECB Vice President De Guindos highlighted concerns over private credit exposure, noting that while Europe is more insulated than the US, issues surrounding liquidity and valuation are prevalent. This commentary signals potential vulnerabilities in the financial system and suggests that ongoing monitoring of US trends may provide insight into European risks, which could influence future ECB policy decisions and market sentiment toward the euro and fixed income securities.

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