Private Credit: Exploring Systemic Risk Concerns and Regulatory Architecture

The regulation of private credit (PC) is firmly in the regulatory spotlight, as part of a broader focus on non-bank financial intermediation (NBFI). This Spotlight article, published in the Butterworths Journal of International Banking and Financial Law (August-September 2024), explores whether PC features the risks typically associated with NBFI, and whether the regulatory architecture in the UK and EU is appropriate to address any such risks.