RBA worries default risk rising in private credit – but industry welcomes scrutiny

Millbrook Group is pleased to have been featured in Mortgage Professional Australia following commentary from our General Manager of Risk, George Lyall, on the evolving private credit landscape.

The article discusses recent concerns raised by the Reserve Bank of Australia (RBA) regarding the growth of the private credit sector, including the importance of strong governance, transparency and disciplined risk management as the market continues to mature.

George highlighted the importance of maintaining high industry standards and welcomed increased regulatory focus as a positive step in strengthening confidence across the sector.

“Private credit is here to stay, and it is the responsibility of all market participants to uphold the discipline and standards that will ensure its long-term success.”
— George Lyall, General Manager, Millbrook Group

Millbrook Group supports the continued development of a robust and sustainable private credit market, with strong governance and responsible lending practices remaining central to the industry’s long-term success.

Read the full article here:

https://www.mpamag.com/au/specialty/alternative-lending/rba-worries-default-risk-rising-in-private-credit-but-industry-welcomes-scrutiny/582102