US Treasury has begun quietly asking private credit firms to submit information detailing their business models and ties to the regulated financial system, according to multiple sources cited by Punchbowl
Importance
Level 1
- The department’s Office of Capital Markets is leading the information-gathering effort and asking for written responses, according to two sources
- Treasury is asking select firms to provide information about their recent performance, as well as their relationships with banks and insurance firms, including reinsurance companies.
- The companies have also discussed overall liquidity risk and a proposed rule from the Department of Labor to open up 401(k) retirement accounts to alternative assets.