Alerts Archive

LMA responds to House of Lords inquiry on growth of private markets

On 17 October 2025, we submitted our response to the House of Lords Financial Services Regulation Committee’s inquiry regarding the growth of private markets in the UK following reforms introduced after 2008.

Our response outlines how private credit has become a vital source of long-term financing for the real economy, complementing and, in some cases, substituting traditional bank lending. It details the increasing interconnections between banks and private credit funds—such as co-investment in leveraged loans, fund finance, and synthetic risk transfer—and discusses the implications for financial stability and access to credit. We also emphasise the importance of maintaining an internationally competitive and proportionate regulatory regime, ensuring that the benefits of private credit growth are recognised while safeguarding the resilience of the UK’s financial sector. 

A copy of the full response can be found here.