UBS Chair Kelleher Warns Bubble Is Forming in Private Credit
- Kelleher latest executive to warn about the rising risks
- Private credit market has roughly tripled in size since 2015
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UBS Chairman Colm Kelleher warned against growing risks in private credit as the market continues to boom.
“There is clearly an asset bubble going on in private credit,” Kelleher said at the FT Global Banking Summit in London on Tuesday. “There are many other asset bubbles building. What it needs is just one thing to trigger a fiduciary crisis.”