The industry got another huge wake-up call in early 2021, and that is the multi-billion-dollar fiasco resulting from the collapse of the U.S.-based hedge fund firm Archegos Capital Management. For some of the prime brokers that suffered losses from their dealings with Archegos, the root cause was a major failure of counterparty risk management and a lack of proper risk oversight.
In this white paper, the Numerix Risk Team reveals how the Archegos debacle exposed cracks in banks’ risk systems. Explore key insights including:
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