Stakeholders have welcomed the findings of ASIC's interim report on Australia's private credit sector, saying it serves as a timely call for greater transparency. FSC chief executive Blake Briggs said: "ASIC's private credit report is a timely call for greater transparency in the sector, which the FSC and mature operators in the industry support." Lastly, the Australian Investment Council commended ASIC for the work it has undertaken in reviewing the private credit market and said it welcomed the confirmation that, for the most part, private credit works well. "As with other international markets, private credit has grown substantially over the past several years. "This report gives industry bodies a solid point of reference to coalesce around to explore appropriate guardrails."