Private Credit Funds with No Skin in Game a Worry

Previous related:

- 4/2024 "Flawed Valuations Threaten $1.7T Private Credit Boom" https://news.ycombinator.com/item?id=39539125

- 5/2024 "Financiers fret over 'leverage on leverage' in private credit" https://news.ycombinator.com/item?id=40329523

- 5/2024 "Banks Want in on Private Credit" https://news.ycombinator.com/item?id=40457696

Drink a shot if you've heard this before:

> The EBA [European Banking Authority] is concerned that off-balance sheet exposures could become a problem for banks if large non banks need to access credit lines simultaneously.

Archive: https://archive.ph/j77EI