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Private credit’s $2 trillion boom raises global stability fears, watchdog warns
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- It comes amid growing jitters surrounding private credit in the U.S. — spanning software exposures, business development companies, and individual corporate blow-ups.
- The FSB's statistics showed $220 billion of drawn and undrawn credit lines from banks but commercial data suggested the amounts could be twice as large.
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A global finance watchdog is demanding national regulators better scrutinize private credit, warning that banks, asset managers, insurance and private equity firms are exposed to an assortment of growing risks in the near $2 trillion sector.
In a wide-ranging study published Wednesday, the Financial Stability Board said the industry's lack of standardized, transparent data, along with opaque valuation practices and complex funding structures and vehicles, is bringing vulnerabilities to broader markets.
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