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Private credit must be less secret, say banks, regulators

Chief executives of the nation’s biggest banks say they are prepared to partner with private credit funds to provide capital to the economy but have called on major players in the $2.3 trillion sector to provide better disclosures to investors.

The calls came as bankers and the heads of superannuation funds gathered at the annual superannuation lending roundtable hosted by The Australian Financial Review and packaging multinational Visy.

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Aaron Weinman was a correspondent at The Australian Financial Review.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/private-credit-must-be-less-secret-say-banks-regulators-20240723-p5jvsm