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The fallout from the Greensill Capital and Archegos Capital Management scandals is continuing to reverberate across the financial services industry likely resulting in a stricter risk management landscape.
The collapse of the London-based supply chain finance company Greensill, which filed for insolvency in early March after maintaining a valuation in the billions just a few years prior, marked one of the most shocking firm failures in more than a decade. In the same month, Archegos, the family office of investor Bill Huang, couldn’t meet multiple margin calls, prompting a widespread sell-off that closed the family office, lost Mr. Huang between $8 billion-$20 billion in less than two weeks, and cut millions from major global banks’ first-quarter earnings. Both incidents may make trade credit insurers more cauti
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