Federal Reserve Seeks U.S. Bank Data on Private Credit Exposure
The review targets links to a private credit market valued at up to $2 trillion as officials assess whether rising redemptions and bad loans could affect the wider financial system.
Summary
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Terms & Concepts
Private credit: Loans made outside traditional public bond markets, often by nonbank lenders to companies.
Redemptions: Investor requests to withdraw money from a fund or investment vehicle, which can pressure liquidity.