The Australian Securities & Investments Commission (ASIC) is increasing supervision of the domestic private credit industry, requesting detailed weekly data from fund managers as global scrutiny of the $1.8tn sector intensifies, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that ASIC has asked private credit managers to provide information on metrics including default rates, redemption activity, investor composition, liquidity, and...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.