Australia’s financial regulator has warned the country’s private credit industry to expect increased enforcement activity as it steps up scrutiny of lending practices, valuations and governance following the collapse of Sydney-based developer Bathla Group, according to a report by Bloomberg.
Simone Constant, a commissioner at the Australian Securities and Investments Commission (ASIC), is due to tell a property conference in Sydney that the regulator has moved beyond issuing warnings to the sect...
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