BRITAIN'S BIGGEST PRIVATE equity groups face new scrutiny from the City regulator as it attempts to come to grips with the possible risks to the stability of the financial system posed by the industry's growth, reports The Financial Times .
According to the paper, the Financial Services Authority inquiry, which started last month, is the latest step in the watchdog’s efforts to keep tabs on the ever-increasing amounts of money being raised for alternative investments, which have generally enjoyed a lower level of regulatory scrutiny. John Tiner, chief executive, said in an interview with the paper, the FSA was planning to look at disclosure by private equity groups and their impact on the transparency of the financial markets. However, he said the regulator had no preconceptions about what it might find. The FSA’s intere...
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