Australia Regulator Is Studying Data On Private Markets

Australia’s corporate watchdog is scrutinizing data on private credit that has seen strong growth driven by the country’s A$4.2 trillion ($2.7 trillion) pensions sector.

“We are conducting a range of surveillance, in particular on private credit,” Australian Securities & Investments Commission Chairman Joe Longo said at an industry event on Tuesday. “Some of what we are seeing is interesting and hopefully we will have something to say later this year.”

Australia’s regulators have raised concerns over the pension funds’ high allocations to international and private assets. The Reserve Bank of Australia warned in April about the potential risks and the ...