This time it's different

摘要

International regulators including the US Federal Reserve and the Bank of England are lining up to take a pop at leveraged loans as the next instrument of financial destruction. Last week, it was former Fed Chair Janet Yellen's turn to highlight the risks. This is raising the ire of beleaguered bankers. "It feels like a popular knee-jerk reaction to something they don't really understand," a senior loan banker said. "It's like a bunch of 1950s housewives trying to regulate the internet."