"Bloomberg article highlights Steven Kelly's views on private credit and its potential role in de-risking the banking system. Private credit refers to loans or investments made outside traditional bank lending channels, often with more lenient criteria. Kelly suggests that private credit can help mitigate risks for banks and promote financial stability. The discussion surrounding private credit has implications for the broader financial sector."

Source: https://www.bloomberg.com/news/articles/2024-11-11/steven-kelly-on-private-credit-and-de-risking-the-banking-system