Archegos Fallout is a wake-up name for the banks

Law360 (Might 3, 2021, 3:22 p.m. EDT) – The collapse of Archos Capital Administration value some banks billions and nearly nothing, underscoring the necessity for all banks to rethink their threat administration protocols. Banks with robust threat management practices got here out comparatively unscathed, whereas others suffered vital losses and harm to their reputations.

Nonetheless, the collapse of Archegos serves as a wake-up name for banks serving household places of work to conduct an impartial and complete overview of their threat administration framework to be able to avert an analogous disaster.

Right here, we first assess the reason for the collapse of Archegos, after which focus our evaluation on the next two areas: (1) household places of work and their …

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