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Financial Times – City watchdog probes private market valuations as borrowing costs picks up 

The Financial Times says the top financial regulator is preparing to launch a sweeping review of valuations in private markets amid growing fears over the impact of higher borrowing costs on the sector.

The paper says global regulators are becoming “increasingly uneasy about the potential for blow-ups in private assets and other markets following the abrupt reversal of more than a decade of low-interest rates”. The review, it adds, will look at issues including who within a firm is accountable for valuations, how information about valuations is passed up to senior figures, and the governance procedures in place.

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