Global finance watchdog warns over private credit industry fuelling AI boom
Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowers The private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned. A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. Continue reading...