Lack of transparency connected with shadow banking increases risks of losses for banks

In some ways, the recent losses incurred by banks such as Credit Suisse through their exposures to Archegos Capital Management and Greensill Capital had very different causes. However, a closer look shows some interesting similarities as to why these operations created such large and unexpected losses for banks.

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.

What does the collapse of Archegos mean for family offices?

The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?


Barrister of the week: Doughty Street’s Tim Moloney QC

As the lead advocate acting on behalf of the appellants in a case labelled as Britain’s largest miscarriage of justice, Tim Moloney QC (Call: 1993) certainly felt the weight of responsibility on his shoulders. The Doughty Street Chambers’ silk, alongside chambers’ colleague Kate O’Raghallaigh, represented 30 appellants in the Post Office scandal, which culminated in […]

Pinsents on hunt for paralegals in managed services boost

Pinsent Masons is looking to invest in its managed services capabilities with the hire of more than 60 paralegals across its UK offices. The firm, which over the past few years has veered its operations toward wider professional services, is looking to bring in between 60 and 80 professionals to boost the offering under development. The […]

Mishcon de Reya

Mishcon set to list this year

Mishcon de Reya will list on the London Stock Exchange later this year, despite shelving plans for an IPO over 12 months ago. The firm said its partners had now voted ‘overwhelmingly’ in favour of exploring a premium listing. JP Morgan has been appointed by Mishcon as its financial advisor while the firm is exploring […]

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