The Securities and Exchange Commission is monitoring corporate debt markets and leveraged lending, the chairman of the regulator said ahead of a Congressional hearing last Tuesday. The SEC is focused on the size and quality of corporate debt, as well as the type and location of investors holding the credits, SEC chair Jay Clayton said in written testimony before the US Senate Committee on Banking, Housing and Urban Affairs hearing. As the market for corporate debt changes -with more being held by investors than banks - the SEC is considering whether new or updated monitoring measures and tools are necessary, he said, noting the significant growth in corporate debt does not, in itself, present a systemic risk.
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