Qomply Director, Michelle Zak featured

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

About Qomply

Qomply empowers financial firms of all sizes to meet their regulatory transaction reporting requirements (MiFID, EMIR, SFTR, and ASIC) with best-in-class cloud-based technology solutions that are easy to use at affordable price points.

Our award-winning ReportAssure platform, powered by our proprietary assurance engine, delivers one of the most comprehensive arsenals of accuracy checks in the industry, ensuring our customers’ transaction reports are as complete and accurate as possible.

By offering affordable, modular subscriptions, we enable financial firms of all sizes to benefit from high-quality, regulatory reporting technology, choosing from a menu to suit all appetites.

For more information, please contact Qomply, on +44 (0) 20 8242 4789 or info@qomply.co.uk

Follow Qomply on social media on Twitter (https://twitter.com/QomplyRegTools) and LinkedIn (https://www.linkedin.com/company/qomply/)