Standard risk measures low-balled Archegos exposures

When a potential blow-up doesn’t show up, what use are VAR, SA-CCR and stress tests?

Numbers often don’t tell the full story. Just ask the bank board members who approved exposures relating to Archegos Capital Management in the months before the family office imploded, leaving a $10 billion trail of losses for its counterparties.

The failure of board-level committees to spot the risks brewing in the highly leveraged investment firm have called into question the effectiveness of traditional stats such as risk-weighted assets (RWAs) or value-at-risk in providing red flags for

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a 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