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  • The Archegos saga demonstrates once again that banks’ and financial institutions’ quest for huge returns trumps prudent risk management OP/2022/01

    • January 23, 2022
    • Posted by: Asande Mahlaba
    • Categories: News, Opinion Pieces
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    Is it a question of shortness of memory on the part of financial institutions, or is it just a matter of the prospect of huge returns making risky investment decisions worthwhile? Whatever the motivation, the Archegos implosion has prompted regulators in the US, UK, Switzerland and Japan to investigate the risk controls of eight major banks including Credit Suisse, Nomura, Morgan Stanley, UBS, MUFG and Mizuho, who collectively suffered losses in excess of US$10 billion.

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