Qomply Director, Michelle Zak featured

In This Month's Asset Servicing Times Cover Story

28 June 2022

Qomply Co-Founder's analysis of the breakdown of systemic risk controls is featured as Asset Servicing Times cover story for their newsletter.

Michelle Zak, co-founder and managing director at Qomply, analyses the collapse of US firm Archegos Capital Management, and how its US$10 billion loss in 2021 highlighted the need for the industry to increase the introduction of systemic risk controls.

It could be argued that most notable systemic failures have been linked to a significant macro event, with market turbulence acting as a catalyst for correlated contagion. In the case of Archegos, the markets were calmer and quieter, suggesting this disaster was the result of a failure in systems and controls.

Read more here: Asset Servicing Times, June Edition

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