Regulation

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

With the first details of the BoE stress test now emerging, firms had better get ready for a surge in interest from regulators.

The body's focus on expanding regulation of private credit funds is misplaced and inconsistent with prudential logic.

The failures of First Brands and Tricolor has put due diligence under the spotlight. In The Private Debt Investor Podcast, Matthias Kirchgaessner of Plexus Research and Jiri Krol of the Alternative Credit Council debate whether private debt has problems to confront.

ASIC says it needs ‘greater visibility’ to support market integrity and help maintain confidence, and will carry out ‘targeted surveillance’ in the next 18 months.

Fund structures are evolving to meet the evolving needs of LPs and the new wave of retailisation.

Private debt has flourished by virtue of a different regulatory treatment to banking, but consensus is developing that this environment cannot last forever.

There is a general feeling that the industry sits on the edge of a major shift.