"European regulators warn as risky loans rise above bubble peak."

FT: “Debt investors are abandoning normal creditor protections on European leveraged buyout loans as they snap up riskier securities at a faster rate and in greater proportions than at the peak of the credit bubble.”
“Growing volumes of euro-denominated “covenant light” loans have now aroused the interest of European regulators, who are increasing their monitoring of lenders’ behaviour.
….The one UK lender attracting particular attention is Barclays, because of its large leveraged loan business in the US. The PRA is helping US regulators to assess the riskiness of the bank lending to private equity in the North American market, as part of a wider programme being done on all lenders operating in the US.”