Instead of “quietly asking,” Treasury could demand standardized, usable and comparable financial data from private credit firms. But that would require a functional Office of Financial Research, which Bessent has gutted.
Punchbowl NewsFirst in the VAULT: The Treasury Department has begun quietly asking private credit firms to submit information detailing their business models and ties to the regulated financial system. @brendanpedersen.bsky.social has the scoop: punchbowl.news/article/vaul...