A group urging tighter controls on Wall Street wants U.S. authorities to scrutinize the market for high-risk corporate debt, a lightly regulated sector private-equity firms depend on to finance their deals.
The amount of risky corporate debt outstanding—including high-yield bonds, leveraged loans and private direct loans—has passed an estimated $5 trillion, according to a report issued Tuesday by Americans for Financial Reform, a financial-reform group in Washington, D.C.
This…
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