FSB's Quarles calls for more scrutiny of leveraged loan market
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LONDON/WASHINGTON (Reuters) - Regulators need to get a fuller picture of the growing market for loans to highly-indebted companies, Financial Stability Board (FSB) Chair Randal Quarles said on Thursday.Bank of England Governor Mark Carney, who Quarles succeeded at the FSB, has likened the market to subprime mortgages that defaulted a decade ago, triggering a global financial crisis.Just a few global banks, mainly in the United States and the European Union, account for 86% of collateralised loan..