Archegos shows up US swaps reporting shambles

Problems with existing data mean SEC’s pending TRS reporting rules won’t bring the issue to order

For the Securities and Exchange Commission, the timing of Archegos Capital Management’s demise looks unfortunate. Just months after security-based swap trades destroyed Bill Hwang’s family office and saddled his prime brokers with multi-billion-dollar losses, the commission would finally implement a key piece of Dodd-Frank Act-mandated regulation designed to ensure reporting of these very instruments.

But would the Security-Based Swaps Reporting (SBSR) rules have enabled the SEC to spot the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: