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Recent Editions
Risk Channel
North America
Reuters reports that Wall Street executives have said they are stress‑testing or monitoring private credit portfolios as the asset class comes under scrutiny, but say they are comfortable with their exposure. "We're passing our own test, and we're comfortable with how we're sitting there, so the constant monitoring the risk capital framework, will play a role," Citigroup CFO Gonzalo Luchetti said on an earnings call. Three of the six biggest U.S. lenders recently disclosed about $108bn financing exposure to private credit or related loans during their quarterly earnings
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Risk Channel
UK/Europe
Bank of England Governor Andrew Bailey has said the implications of Anthropic's new AI model must be quickly understood by central banks and financial regulators. "It would be reasonable to think that the events in the Gulf are the most recent challenge to us in this world, until, I think it was last Friday, you wake up to find that Anthropic may have found a way to crack the whole cyber risk world open," he said at an event at Columbia University in New York. Bailey said cyber risks had in recent years rapidly risen up the list of regulators' concerns. "It's the one that never goes away. You have to keep mitigating it, but the threat actors will move on, so we have to deal with it," he observed.
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