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Australia Regulator Probes $20 Billion Private Credit Manager

Australia Regulator Probes $20 Billion Private Credit Manager

Bloomberg18-07-2025
Australia's corporate watchdog is scrutinizing private credit manager Metrics Credit Partners Pty because of concerns over loan valuations and governance practices that have emerged as part of a broader industry probe, according to people with knowledge of the matter.
The probe is part of a two-year review of private markets that the Australian Securities & Investments Commission is conducting across the industry. The regulator is giving more attention to Metrics and some of its transactions because of specific concerns about the firm's practices and in light of its substantial exposure to real estate, according to the people.
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Aussie 'appalled' by $4,000 ATO bill after common tax return mistake
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time24 minutes ago

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Aussie 'appalled' by $4,000 ATO bill after common tax return mistake

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E.U. Cuts Aid to Ukraine Over Corruption Concerns
E.U. Cuts Aid to Ukraine Over Corruption Concerns

New York Times

timean hour ago

  • New York Times

E.U. Cuts Aid to Ukraine Over Corruption Concerns

President Volodymyr Zelensky's anticorruption policies have already provoked Ukraine's first antigovernment protests since the Russian invasion in 2022. Now, it seems, they may cost the country a portion of its foreign aid from the European Union, in a clear rebuke from the bloc, once a staunch ally. The European Union said on Friday that it would withhold 1.5 billion euros, or $1.7 billion, from an overall fund of 4.5 billion euros whose disbursement is dependent on achieving good governance standards and that can't be used for military purchases. The decision is not final, however, and the funding can be restored if Ukraine meets certain benchmarks. Mr. Zelensky had no public comment on the aid cut, which nevertheless was a setback for Ukraine's leader, who is depending on European financial support to fill gaps left by the Trump administration's refusal to underwrite Ukraine's war effort. While holding back Western aid to spur reform was common before Russia's invasion, Friday's decision seemed to signal a new willingness by the bloc to admonish Mr. Zelensky's government on domestic policy during the war. It also raised questions about whether the glow around Mr. Zelensky might be beginning to dim among Ukraine's Western allies. James Wasserstrom, an American anticorruption expert, said in an interview that 'the luster is definitely coming off' Mr. Zelensky's wartime leadership among governments providing financial assistance. He added, 'There is exasperation at Zelensky in the donor community.' The E.U.'s decision capped a tumultuous week for Mr. Zelensky, who first pushed a measure through Parliament that stripped the independence of two anticorruption agencies, raising protests from foreign leaders as well as the Ukrainian people. Want all of The Times? Subscribe.

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