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Echoes of 2008? A Banking Titan’s Stark Warning on the $1.7 Trillion Private Credit Market

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Banking Regulation

Echoes of 2008? A Banking Titan’s Stark Warning on the $1.7 Trillion Private Credit Market

04/11/2025 user0Tagged 2008 Financial Crisis, Colm Kelleher, economy, financial regulation, insurance industry, private credit, ratings shopping, Shadow Banking, Systemic Risk, UBS

UBS Chair Colm Kelleher warns of systemic risk from private credit, drawing chilling parallels to the “ratings shopping” that preceded the 2008 crisis.