Brexit, Pandemic.. for most players of the financial markets, counterparty risk management processes are to be improved or simply set up.
This is challenging, as counterparty risk management requires, compared to market risk, huge efforts of aggregation, technicity and modelization.
Despite all well-known regulations, why is counterparty risk still one of the major risks even in the new regulatory landscape?
By taking stock of the Archegos Family fund collapse, we’ll see how a failure of counterparty risk management led major banks to disastrous outcomes.
Lessons Learned: what are the key Requirements for a Robust Counterparty Risk Management Process ?
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