At 10.05am on Wednesday 10 September, the House of Lords
Financial Services Regulation Committee will hear evidence from
the former Governor of the Bank of England, .
At 11.45am, the committee will from Apostolos Gkoutzinis, Partner
in Corporate Finance, Securities and Leveraged Finance at Milbank
LLP.
They will be giving evidence to the committee's inquiry into the
growth of private markets in the UK following regulatory capital
and liquidity reforms introduced after the 2008 financial crisis.
These evidence sessions, which are open to the public, will be
held in Committee Room 3 of the House of Lords and streamed live
and on demand on Parliament TV.
Topics the committee is likely to cover in these sessions
include:
- The extent to which post-2008 reforms to bank capital and
liquidity requirements were intended to shift certain types of
risk taking from banks to other parts of the financial system,
and whether this has been successful.
- What constitutes a systemic risk to the UK's financial
stability, and the extent to which the UK Government and Bank of
England are prepared to address another crisis.
- What has driven the growth of private markets, how
interconnected are private credit and private equity with the
banking sector, and what proportion of their funding is provided
by banks.
- How much productive investment and business lending is
provided by banks as compared to private markets, and whether
there is evidence to suggest that private markets are better
placed than banks to provide longer-term lending.
- An overview of private equity and private credit industry
practices regarding valuations, ownership structures, and the
blending of debt and equity.
