Cutouts


Wall Street: Archegos Collapse Is Business as Usual, Not a Disaster - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

stock-market trading risk risk-management    

Although some banks may have made unfortunate decisions, it’s not true this risk was hidden or that there are not good systems to manage the risk. The first line of defense is the credit departments, which much approve all counterparties. These analysts had full insight into Archegos’ capital position, position sizes, risk management, processes, strategy and other factors. The credit department is not allowed to share this information with traders or prime brokerage staff, but it does examine this information carefully before approval and monitors it rigorously afterwards.

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