Qomply Analysis of the Breakdown of Systemic Risk Controls Featured in Asset Servicing Times
Michelle Zak, co-founder and managing director at Qomply, analyses the collapse of US firm Archegos Capital Management, and how its US$10 billion loss in 2021 highlighted the need for the industry to increase the introduction of systemic risk controls in June's edition of Asset Servicing Times.
It could be argued that most notable systemic failures have been linked to a significant macro event, with market turbulence acting as a catalyst for correlated contagion. In the case of Archegos, the markets were calmer and quieter, suggesting this disaster was the result of a failure in systems and controls.
Read more here: Asset Servicing Times, June Edition
How Qomply can help
Qomply’s Regulatory Reporting Hub combines regulatory expertise with AI, automation and data analytics to deliver scalable, audit-ready reporting intelligence that reduces errors, lowers remediation costs, and minimises operational and regulatory risk.
Covering regimes including MiFIR, EMIR Refit, SFTR, CFTC, CSA, MAS, ASIC and HKMA, Qomply also offers a fully managed service and operates globally from London.
Purpose-built solutions and services for regulatory reporting
Designed to improve accuracy, reduce risk, and support confident transaction reporting.
