SNB vice chairman says private credit not major concern for Switzerland

ZURICH, March 19 (Reuters) - Private credit is something the Swiss National Bank is looking at very closely, but activities seem relatively low in Switzerland compared with other jurisdictions, SNB SNBN.S Vice Chairman Antoine Martin said on Thursday.

"From what we can tell at the moment, this is not a major concern for Switzerland," he said.

The sector has been hit by concerns over valuations and transparency after the bankruptcy of auto-parts supplier First Brands and car dealership Tricolor.

UBS UBSG.S CFO Todd Tuckner said earlier this week he was comfortable with the Swiss banking giant's degree of exposure to private credit funds.