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FSB says private credit risk found in firms’ links with banks, other institutions

By Neil Roland ( May 6, 2026, 06:01 GMT | Insight) -- Interconnections between private credit funds and banks, insurers, asset managers, and private equity firms are deepening — especially in the US, the EU and the UK — presenting greater risks to the financial system, a Financial Stability Board report said. FSB Secretary General John Schindler also flagged a slew of other private credit vulnerabilities, including credit quality; valuation practices; concentration in the technology, healthcare and services sectors; leverage; and the increasing participation of ordinary investors.Interconnections between private credit funds and banks, insurers, asset managers and private equity firms are deepening — especially in the US, the EU, and the UK — presenting greater risks to the financial system, a Financial Stability Board report said....

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