BoE’s leveraged loan research draws interest from overseas
UK exposures are modest but firms in US and Japan have bigger holdings of CLOs
The Bank of England’s work on the deteriorating quality of the leveraged loans market has prompted interest from its counterparts overseas, whose firms have some of the largest exposures, BoE officials said today (January 16).
There was previously little information on which firms were holding so-called collateralised loan obligations (CLOs) – an echo of the collateralised debt obligations at the heart of the 2008 crisis – according to BoE executive director Alex Brazier. For its latest
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