The market regulator is making transparency in private credit a key priority, putting together a dedicated team for the first time to investigate conflicts of interest and determine how firms value the assets they have lent against.
Australian Securities and Investments Commission chairman Joe Longo said he was concerned investors in private credit funds might not be adequately protected. The regulator has set up a taskforce to investigate the needs for regulations in the sector, and how it could work alongside public capital markets.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
