ECB zeroes in on wrong-way risk as a key lesson of Archegos
Counterparty risk experts agree with focus on “long-neglected” topic after family office default
A consultation by the European Central Bank supervisory board on improving counterparty credit risk management hits the right spot on wrong-way risk, according to experts, who say better assessment of it could have helped Credit Suisse and other banks prevent losses associated with the default of Archegos Capital Management.
Dmitry Pugachevsky, director of research at Quantifi, a provider of risk, analytics and trading solutions, says what immediately strikes him in the ECB consultation – and
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