Bank of England Governor sees 2008 parallels over private credit after big US corporate failures

Mentioned in the FT. Andrew Bailey Governor of the Bank of England, told the House of Lords Financial Services regulation committee that it was “still a very open question” whether the corporate failures were “the canary in the coal mine” indicating “something more fundamental”. Find attached the transcript of the meeting with the House of Lords subcommittee and Andrew Bailey from the 21 October.

Important for our approach is to make sure that in our transactions, we are senior, leverage is controlled and our underwriting standards are strong. Interesting mention of the role of tech valuations and the shift to infrastructure/debt financing of the AI ecosystem in the US.

Comments Wellcome.

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