Bank of England reviews banks' Asian equity exposure, FT reports
XLF•Bank of England reviews prime brokerage exposure
The Bank of England is examining banks' exposure to Asian equities through prime brokerage businesses in London, the Financial Times reported on Wednesday.
The BoE's Prudential Regulation Authority has begun a review of lenders' prime brokerage activities in London to assess whether they have built up overly concentrated positions in Asian equities, FT said, citing people familiar with the matter.
Reuters could not verify the report. Bank of England did not immediately respond to a Reuters request for comment outside regular business hours.
