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Bank of England examines Barclays private credit loan records

Published

The Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk, people familiar with the matter said. The check follows concerns raised by an insider.

The bank's regulator, the Prudential Regulation Authority (PRA), reportedly received a complaint earlier this year. People familiar with the matter said it concerned how Barclays recorded derivatives used to finance private credit loans.

The complaint alleges that the bank handled total return swaps linked to illiquid private credit loans in breach of PRA rules. These claims have not been proven.

Key facts

Who
Barclays (bank whose traders are being examined); Prudential Regulation Authority (BoE regulator that received the complaint); Bank of England (central bank examining the matter)
What
The Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk, according to people familiar with the matter. The regulator's Prudential Regulation Authority reportedly received a complaint earlier this year about how Barclays recorded derivatives used to finance private credit loans.
When
19 October 2026
Status
Reported

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