Australia corporate regulator warns private credit firms over poor practices
Australia’s corporate watchdog said it could take action against “poor practices” by private credit firms, citing issues including unrealistic valuations and opaque fees, unless standards improve.
Australia’s corporate watchdog has warned it could take action against poor practices by firms in the booming private credit sector, including unrealistic valuations and opaque fees, if standards do not improve. A commissioner said the sector’s rapid growth and complexity have outpaced industry standards.