📈 Business
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Bloomberg
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Australia Tightens Scrutiny of $1.8 Trillion Private Credit Industry
Australia's corporate regulator is stepping up oversight of the private credit sector by requiring funds to submit more detailed data on a weekly basis. The move targets a global industry worth $1.8 trillion that is facing increasing scrutiny from regulators worldwide. The push aims to improve transparency in a rapidly growing and largely opaque market.
Australia’s corporate regulator is boosting supervision of the private credit industry by requesting more detailed data from funds on a weekly basis as scrutiny grows on the $1.8 trillion industry worldwide.