Bank of England to stress test private credit firms as concerns grow

The Bank of England will begin testing how private credit and equity firms would deal with a financial shock (Jordan Pettitt/PA) - (PA Wire)

The Bank of England will begin testing how private credit and equity firms would deal with a financial shock after warnings about their potential threat to the wider economy.

The central bank said it has launched a new exercise to stress-test the resilience of the market.