Recent congressional letters show private credit is facing increasing levels of regulatory scrutiny, says the global head of the Alternative Credit Council
There are often inconsistencies in how rules apply across different financial institutions and product types.
Findings from a recent NBER paper warrant a degree of scepticism.
The NAIC has proposed changes that would create barriers or remove incentives for insurers to invest in private credit.
Europe is now more closely aligned with a regulatory approach that has underpinned the growth of the US market, writes the global head of the Alternative Credit Council.