Australia’s private credit sector must improve standards around valuations, governance and liquidity to align with global practices and boost investor confidence, an industry watchdog said.
The Australian Securities & Investments Commission flagged widespread issues across the fast-growing A$200 billion ($132 billion) asset class in an interim report published Monday. Key concerns include opaque remuneration and fee structures, inconsistent valuation practices and unclear definition of key terms, among others, according to the report.
www.bloomberg.com
#Australia #Boost #Private #Credit #Standards #Watchdog
