Private credit at an inflection point - growth, risk and regulatory scrutiny S8E6

Private credit at an inflection point - growth, risk and regulatory scrutiny S8E6

June 30, 2026 · 22 min · Season 8 · Episode 6

About this episode

The episode discusses the growth of private credit and the regulatory scrutiny it faces in the financial services sector.

In this episode, host Tessa Norman is joined by Sajan Shah, PwC Director specialising in private credit, and Conor MacManus, PwC Managing Director, to explore the rapid growth of private credit and what it means for firms across financial services. Our guests unpack how the private credit market is evolving, the drivers behind its growth, and the opportunities it presents. The discussion also explores why regulators are paying closer attention to the sector, with a focus on credit quality, transparency, data and interconnectedness between asset managers, banks and insurers. We also consider the likely impact of regulatory initiatives such as the Bank of England’s system-wide exploratory scenario. Finally, we explore the practical steps firms can take to strengthen governance, improve data and reporting, manage valuation and liquidity risks, and prepare for the next phase of private credit’s development. To find out more, please contact our speakers at sajan.a.shah@pwc.com and conor.macmanus@pwc.com . You can also read the full PwC Global Private Credit Survey findings at: https://www.pwc.com/gx/en/industries/private-equity/private-credit-survey.html

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