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Private credit firms draft in City advisers to help with ‘meltdown’ stress test
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Private credit firms draft in City advisers to help with ‘meltdown’ stress test
Firms taking part in the Bank of England’s inaugural private credit stress test have been allowed to draft in external City advisers to help them manage the substantial workload required to respond to the doomsday scenario, which participants have branded “extremely severe”. In a departure from the convention for the banking sector’s tests, so-called shadow [...]
25 Jun, 04:00
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