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flag Australia’s regulator warns private credit boom risks financial collapse, urging reforms to prevent crisis.

flag Australia’s corporate regulator, ASIC, has warned that the private credit sector’s over 500% growth in a decade poses a risk of a financial collapse, likening the danger to a "Minsky moment." flag Outgoing chair Joe Longo urged industry improvements, warning mandatory regulations may follow if self-reform fails. flag He also criticized uniform reporting rules for small and large firms, advocating for a tiered system. flag Meanwhile, public market fundraising has dropped 82% over ten years, and ASIC is ensuring stability after Cboe announced it is selling its Australian exchange operations. flag Industry groups support stronger oversight.

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