McDermott Will & Schulte, a global law firm

Private credit is reshaping global markets, leading industry participants to seek guidance on navigating evolving practices and regulations. McDermott Will & Schulte Co-Head of Investment Management Regulatory and Enforcement, Kelly Koscuiszka, discussed the role of AI in private credit with Bloomberg.

 Kelly noted that, as a highly regulated industry, Wall Street has had to be deliberate about incorporating AI, which may help it minimize the problems that have plagued other businesses. As private credit moves forward to adopt these tools, she says compliance will have an important seat at the table. She added, “Even though AI is not specific to private credit, it’s touching everything. There’s no way to do something in a compliant manner these days without thinking about how you are using AI.”