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The Bank of England is looking closely at Barclays’ private credit trades.

RulesRead the original at Benzinga
Bad for BCS

Barclays is being questioned over how it recorded hard-to-sell private-credit positions, which could mean it must keep more money against losses. Traders say matching swaps justified the treatment, but the complaint and possible extra capital needs make this bad news.

BCS · Barclays PLC

AI read · Bad for BCS

The AI's read

If regulators decide Barclays treated hard-to-sell loans as lower-risk, the bank may have to keep more money available for losses. Traders say matching swaps supported their classification, but the complaint questions whether the rules were followed. The possible added capital burden makes this bad news, though the size of the positions is unknown.

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