Credit Suisse’s Archegos disaster exposes cracks in bank regulation
MARGOT PATRICK , The Wall Street Journal 5 min read 21 Sep 2021, 06:45 PM IST
- Trades routed through London weren’t in the scope of Federal Reserve stress tests of Credit Suisse’s U.S. trading arm this year
When Archegos Capital Management blew up, it saddled Credit Suisse Group AG with $5.5 billion in losses. One reason investors and regulators were blindsided: a gap in the regulatory oversight of big international banks.