•The Australian Prudential Regulation Authority warned that domestic private credit institutions are exposed to risks linked to global market developments.
•The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they used AI to target ads based on conversations near smart devices.
•Varde Partners plans to launch its first Asia-focused private credit fund, aiming to raise $1 billion for investments across India, Australia, and Southeast Asia.
