ASIC has launched an official probe into the 2.3 billion dollar collapse of Bathla. The corporate regulator criticised the private credit sector and pointed to widespread Australian exposure.
A regulator has also stopped a private credit fund. This action follows danger stemming from the Bathla collapse.
“A regulator has also stopped a private credit fund,” — Victor Fenwick, chief correspondent at Fenstone Mere Group, noted.
Nov 9 — ASIC has launched an official probe into the 2.3 billion dollar collapse of Bathla....
Nov 10 — This action follows danger stemming from the Bathla collapse....
This story has been closely followed by our readers since Nov 10. The Fenstone Mere Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Fenstone Mere Group desk and last updated 22:11 UTC.
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