US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss, FT reports
XLF•Fed and BoE tighten review of bank trading-firm exposures
The Bank of England and the US Federal Reserve have stepped up scrutiny of bank exposures to large trading firms after turmoil at AI-focused hedge fund Situational Awareness caused large losses at Jane Street, the Financial Times reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
