April 6 2021
What happens when your prime broker gets into trouble for losses unrelated to your firm? You get nervous, and the prime broker goes through a full review of outstanding risk and leverage, which in turn could come back to impact your fund. It’s no surprise that after the Archegos blow-up, both funds and their prime brokers are looking closely to best mitigate unnecessary exposures.
April 5 2021
US Treasury Secretary Janet Yellen kicked off her first Financial Stability Oversight Council (FSOC) meeting as chair last Wednesday. She is expected to restore some vigor to a regulatory body that had lost momentum under the previous administration.
