Private equity firms have seen an opportunity in the credit crunch to buy back their debt at a discount. Now the trade group for European banking is reviewing rules on corporate loans because buyout firms might have conflicts of interest. They could join bank groups that set the borrowing rules for companies they own. "The concern is that a basic principle of syndicated lending, that each lender gets treated the same, is being violated," said Clare Dawson, executive director of the Loan Market Association in London.
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