Global Watchdog FSB Unveils Action Plan on Private Credit Risks

The world’s top financial stability watchdog unveiled a tentative plan to tame private credit risk, as bankers’ and policymakers’ escalating warnings about potential dangers collide with a political push toward deregulation.

The Financial Stability Board, which convenes central banks, regulators and finance ministries from the world’s most powerful economies, on Wednesday said “significant data challenges” had frustrated its almost year-long effort to assess vulnerabilities in the $1.5 to $2 trillion market.