The Archegos collapse serves as a wake-up call for banks serving family offices in the U.S. to conduct an independent and comprehensive review of their risk management framework to avoid a similar crisis. In Law360, Drs. Atanu Saha and Yong Xu assess the cause of the Archegos collapse and the subsequent bank losses. The authors also analyze family offices and their lack of regulatory oversight in the U.S., as well as deficiencies in banks’ risk control practices.

Read the full article.

StoneTurn Partner Jonny Frank and Senior Adviser Christopher Laursen contributed to this article.