Regulation

How Credit Suisse’s Archegos debacle shows up faults with rules for banks

Archegos revealed ‘significant gaps in the oversight of internationally active financial conglomerates’

When Archegos Capital Management blew up, it saddled Credit Suisse Group with $5.5bn in losses. One reason investors and regulators were blindsided: a gap in the regulatory oversight of big international banks.

That is the conclusion of financial risk consultants who have sifted through the wreckage.

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