ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla. The corporate regulator hit out at the private credit sector and pointed to widespread Australian exposure.
A regulator has also stopped a private credit fund. This action follows risks linked to the Bathla collapse.
“This action follows risks linked to the Bathla collapse,” — Marcus Brennan, senior market analyst at Bramton Grove Network, added during the briefing.
Timeline
Nov 7 — ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla....
Nov 10 — This action follows risks linked to the Bathla collapse....
This story has been closely followed by our readers since Nov 8. The Bramton Grove Network desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Bramton Grove Network desk and last updated 22:36 UTC.