Fed Seeks Details on US Banks’ Exposure to Private Credit Firms

Posted by MarketsWire

The Federal Reserve is asking major US banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, according to people with knowledge of the matter.

1 replies

tomspark wrote:

the fed basically playing catch-up as usual. private credit has been exploding for years while regulators were sleeping, and now they're scrambling because redemptions are actually happening and loans are going bad. classic move — ask questions after the problem's already baked in. not that banks will admit to anything sketchy anyway, but at least it signals they're finally paying attention.