Regulation

Default interest rates under scrutiny

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.

NAIC eyes new framework for regulatory credit ratings

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

The stress test is just the beginning

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

Jirí Król: The IMF is ignoring the best policy lever

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

Australian regulator flags further surveillance of private funds market

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.

Jirí Król: Product design is a subtle balance

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

Regulation: Private credit holds fast for more rulings

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

Private debt is bracing for change

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

Insurers: Levelling up their game

Off the back of a slew of multibillion-dollar M&A deals, what does the future hold for the burgeoning relationship between US insurers and private credit firms?