Economics

Bank of England Quizzes Shadow Lenders on Downturn Risk

  • Regulator is examining threat of contagion to broader economy
  • Direct lenders can now write checks of $1.3 billion for a deal
A statue of the Duke of Wellington on horseback stands in front of the Bank of England (BOE) in the City of London, U.K.Photographer: Jason Alden/Bloomberg
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The Bank of England has been meeting with direct lenders to gauge the industry’s resilience to slowing growth, according to two people familiar with the matter.