US regulators have expressed concern over potential "circular" risks associated with investments used by firms such as KKR and Apollo. These investments, which are part of insurance companies' balance sheets, may pose unseen threats. The notification highlights growing apprehension surrounding the stability and transparency of these financial assets.
Original Source: https://www.ft.com/content/4de8bfa8-9eb3-4d70-bd17-273a6834dd41?syn-25a6b1a6=1