ASIC targets ‘sharky’ private credit sector in new crackdown
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ASIC targets ‘sharky’ private credit sector in new crackdown
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About this listen
The private credit sector is facing increased scrutiny from the Australian Securities and Investments Commission (ASIC), which has announced a planned crackdown on what it describes as an inconsistent and high-risk industry.
This was a key point of discussion in this week’s episode of Broker Daily Uncut. Host Jack Campbell and co-hosts Alex Whitlock and Eva Loisance discussed the looming regulatory action.
ASIC’s plans include releasing a series of reports and new guidance over the next few months, aiming to bring consistency and protect consumers from predatory practices.
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