Archegos fallout raises troubling questions over bank risk controls

Credit Suisse’s removal of several senior executives, including its top risk and compliance officer, as a result of reported $4.7bn losses incurred by trades with Archegos Capital Management raises serious questions as to whether banks have learned sufficient lessons from the global financial crisis.

Related briefings

Why competition law is important for business

This series aims to provide an initial guide to understand what competition law is and its importance to SMEs, the behaviours and business practices that are considered anticompetitive, their potential consequences, and practical tips to prevent these practices.

Latest Briefings

European Access Plan: Your gateway to business in the EU

On 24 December 2020, the UK officially left the European Union and, under the Brexit agreement, is now a third country to the EU, outside both the single market and customs union. The change means that UK-EU cross-border business activities are now subject to a number of trade barriers, including adjusted and strengthened border controls and additional administrative work.

Costs risk in appeals from the Irish tax appeals commission

The Finance (Tax Appeals) Act, 2015 introduced a new architecture for the hearing and determination of tax appeals. Amongst other changes, the Tax Appeals Commission (the “TAC”) replaced the Appeal Commissioners, with appeals directly to the High Court only on question(s) of law arising from the TAC’s determination (a ‘case stated’), rather than to the Circuit Court on the basis of a full rehearing of the tax appeal.

EAEU Treaty on trademarks comes into effect

The Eurasian Economic Union (EAEU) Treaty on Trademarks, Service Marks and Appellations of Origin of Goods came into effect on April 26, 2021. It serves as a foundation document for the formation of a regional system within EAEU territory.

Banking leaders discuss keeping pace with growth, digital transformation and driving operational efficiency

In a live webinar hosted by the Financial Times, Clare Hart, CEO of Williams Lea, joined two top operational leaders in the corporate and investment banking industry, David Sliney, Chief Operating Officer of investment bank, Stifel and Paul Poggi, Managing Director and Chief Operating Officer of specialist M&A advisor, Harris Williams, in a panel discussion on the intense pressure within corporate and investment banks to find better and more cost effective ways of running core support functions.

Recommended

White & Case

White & Case plots London office refurb in bid to stay put

White & Case has slowed down its search for new London premises, instead calling upon a property consultancy to estimate the costs of a fit-out, The Lawyer understands. The US firm is thought to be interested in staying put, after viewings of other premises went nowhere. The firm has engaged agency Gardiner & Theobald to estimate the […]

ladder

Osborne Clarke and RPC unveil 2021 partner promos

Osborne Clarke and RPC are the latest UK firms to have announced their latest partner promotions. Osborne Clarke has elevated seven of its UK lawyers to the partnership, a slightly bigger round than last year’s. The promotions were made across sectors such as tech, media and comms, energy and utilities and financial services. Of the […]

Singapore

DWF revives Singapore operations with new association

DWF is looking to practise again in Singapore one year after it closed its local office as a result of the pandemic, as well as expanding into South Africa. The listed business is reopening via an association with local firm Eldan Law, almost one year after it shut its local outpost and retreated from other […]

Cripps leaves Chelsea for new Victoria base

Cripps Pemberton Greenish is the latest firm to move out of West London, with the firm set to take on new premises in Victoria next month. The Tunbridge Wells-headquartered firm will be relocating its Chelsea base to 80 Victoria Street, in the heart of Victoria. Here it will take on 7,423 sq ft – around […]

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