Rowan argues private credit democratization has diversified risk and reduced system leverage versus bank concentration.
“We've diversified the risk. We've increased the resilience of the system. We've reduced the leverage of the system by doing it.”
Rowan argues private credit democratization has increased financial system resilience by diversifying credit away from banks.
“In fact, what's happened is the democratization of private credit has made our system more resilient. Rather than credit being concentrated in a handful of banks, it's now throughout the investment marketplace.”
Rowan says the banking system is in the best shape he has seen in his 42-year career.
“I think it's in the best shape I've ever seen it in my forty two years of professional career.”