Head of IMF says risks in private credit market keep her awake at night

Kristalina Georgieva told attenders of the World Bank/IMF annual meetings in Washington, DC that non-bank financial institutions need more attention. Photograph: José Luis Magaña/AP

The head of the International Monetary Fund has admitted that worrying about the risks building up in non-bank lending markets keeps her awake at night.

Kristalina Georgieva on Thursday urged countries to pay more attention to the private credit market, after the failure of the sub-prime auto lender Tricolor and the car parts supplier First Brands.