FCA to Outline Do’s and Don’ts for Private Market Valuations

The UK’s top financial regulator is preparing a list of both good and bad practices for financial firms to consider as they’re trying to place a value on their private credit holdings and other corners of the private markets.

The Financial Conduct Authority has spent months questioning top private credit managers about how they assess the worth of their investments as concerns mount about loans not being effectively valued within the booming $1.7 trillion industry.

“We will, at some point, put out some follow up from that in terms good and bad practice,” Nike Trost, who leads asset management and ...