Australia Ramps Up Private Credit Scrutiny, Seeks More Data (1)

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.

In a questionnaire sent this week to private credit fund managers, the Australian Securities & Investments Commission asked for data on key metrics such as defaults, redemption requests, the composition of retail and wholesale investors, liquidity and leverage, said people familiar with the matter who asked not to be named discussing private information. ASIC has asked for the data to be submitted every Thursday for the next six weeks, ...