[Bank of England Plans to Introduce Third-Party Providers to Speed Up Data Collection for Private Equity Stress Tests] Sources familiar with the matter say that some of the largest private equity firms are in talks with the Bank of England to bring in third-party providers to participate in the data collection for its groundbreaking industry stress test, ensuring the project meets stringent timelines. The test aims to explore how a severe but potentially devastating global recession would impact trillions of dollars in unlisted assets—assets that occupy a rapidly expanding share of the global financial ecosystem. Two sources said that some of the largest firms have concerns about the speed at which other participants can provide high-quality data and the potential impact on the aggregated results. One source indicated that third-party providers could assist firms requiring additional support in collecting data and help the project progress on schedule. Alternative investment management firms are required to submit their first batch of data by March 16.
