Wake-Up Call for Australia’s Private Credit Industry

Australia's corporate regulator has threatened tougher legal action against private credit funds that fail to protect investors. The crackdown on the fast‑growing industry follows high‑profile collapses in the US and comes amid a flurry of warnings over the market's opacity. Bloomberg Intelligence Senior Industry Analyst Matt Ingram explains the scale of Australia's market and the exposure of the nation's largest lenders on "Bloomberg: The Asia Trade." (Source: Bloomberg)