CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.
February 6, 2024The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.
January 10, 2024US, UK, and Swiss regulators took coordinated action to punish the "unsafe and unsound" risk management practices at Credit Suisse.
July 25, 2023Effective from 1 January 2023, the guidelines are part of the response by the FSS and KOFIA to boost market confidence after a series of hedge fund scandals in Korea.
December 28, 2022Archegos employees were "coerced" to invest their bonus money into the firm through a deferred compensation plan, which evaporated when the company collapsed last March.
July 6, 2022The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.
April 28, 2022Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022The rules will improve transparency over total return swaps, the instruments partly responsible for last year's blowup at Archegos Capital Management.
April 16, 2022The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.
September 1, 2021New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.
April 29, 2021