Regulation & Legal

New distribution channels look poised to widen the appeal of private credit, with all eyes on the new ELTIF 2.0 regime in Europe, say James Board and Owen Lysak, partners at Simpson Thacher & Bartlett.

Key financial bodies have very different assessments of how much systemic risk is posed by private debt, writes Alex Di Santo.

Basel accords are incentivising banks to issue synthetic risk transfer securities.

High court refuses request to classify loans as securities, lets a circuit court victory stand for JPMorgan and other banks.

Despite some remaining complexity and uncertainty, ELTIF 2.0 appears to offer non-professional investors a much easier way into alternative investments than its 1.0 predecessor, says Linklaters Luxembourg’s Silke Bernard.

Amid chatter about the potential systemic risk that private debt may pose, the Alternative Credit Council’s Jiri Krol admits the asset class has a data problem but sees little for the policymakers to fear.

Leverage may be overestimated as a hidden danger within private debt, but the asset class creates its own issues due to a lack of data.

Global financial institutions differ in their assessment of systemic risk, says Alex Di Santo of Crestbridge.

A group led by Guardian Life sues Robertshaw and the creditors who benefited from an ‘uptier’ in their payment priority position.

With a new and modernised approach to legal rights, Italy may be set to give greater encouragement to direct lenders interested in participating in the market.