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

Founded in 2019, Qomply is a multi-award winning RegTech firm with a mission is to empower financial firms of all sizes to meet their regulatory transaction reporting requirements (MiFID, EMIR, SFTR, and ASIC) with best-in-class technology solutions that are easy to use at affordable price points. Our technology solutions give customers peace of mind that their transaction reports are as complete and accurate as possible.

Our award-winning ReportAssure Platform, powered by our proprietary assurance engine, performs one of the most comprehensive arsenals of accuracy checks in the industry, giving customers peace of mind that their transaction reports are as complete and accurate as possible. And by offering affordable, modular subscriptions, we enable financial firms of all sizes to benefit from high-quality, regulatory reporting technology.

Peace of Mind. Delivered.

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

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