US regulators cite ‘circular’ risk in investments used by KKR and Apollo
AI Summary
US regulators have raised alarms about the potential circular risk in investments used by major private equity firms like KKR and Apollo. They're concerned that the complex web of investments might hide risks that could affect insurance balance sheets. This scrutiny comes amid growing worries that these intricate financial instruments could leave insurers vulnerable to unforeseen shocks. It's a significant development, highlighting the need for clearer oversight to protect the financial stability of the sector.
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