The quiet world of private credit is starting to unravel, with regulators questioning how risk is being rated while a $500M hit forces UBS to dump funds fast
According to the report, SEC enforcement attorneys are “looking into whether the firm and some of its senior executives have exerted improper commercial influence on its ratings procedures, said the people, who asked not to be identified discussing the ongoing probe.” Officials in the agency’s complex financial instruments unit are involved in the investigation, the …
