09:49 AM EDT, 06/14/2024 (MT Newswires) -- (Updates with Bank of England declining to comment in sixth paragraph, recent stock move in last paragraph.)

Barclays ( JJCTF ) has been asked to review its exposure to leveraged private equity deals as part of a UK regulator's investigation into the risks taken by lenders, multiple media outlets reported Friday, citing unnamed sources.

The Prudential Regulation Authority has asked Barclays ( JJCTF ) to examine whether it has properly assessed the risks of its exposure to leveraged finance deals.

Under the provisions of the review, it must be undertaken by an independent entity, Reuters reported.

The review of Barclays ( JJCTF ) is the first of many such inquiries the regulator is expected to demand, Bloomberg reported.

Barclays ( JJCTF ) did not immediately reply to MT Newswires' request for comment.

The Bank of England declined to comment.

Barclays ( JJCTF ) shares were down 3.4% in recent trading.

Price: 10.24, Change: -0.36, Percent Change: -3.40