October 19, 2023 (NO COMMENTS)

There’s nothing worse than being ignored. When family office Archegos collapsed in 2021, the Bank of England conducted a review of counterparty risk management practices among the dealers it regulates, and made a series of recommendations. The review focused on the kind of synthetic equity financing that caused the losses, but the BoE warned banks to read across the findings to other asset classes. Fast-forward to September 2022, and another crisis – this time, in fixed income instruments held