While banks add risk controls, SEC regulation likely for family offices (Euromoney)

The Archegos meltdown that caused large losses for certain banks acting as counterparties has set off a chain reaction of stricter risk management and inevitable regulation for family offices. Banks have quickly instituted more expansive risk controls, particular aimed at their exposure to swaps and derivatives. The SEC will be seeking greater transparency from family offices explains Amy Lynch, FrontLine’s Founder and President. Ms. Lynch also states that SEC Chair Gensler views new rules on swaps as a good start, but would seek to add direct oversight of family office activity either through registration or regular reporting of transactions. See Euromoney (free trial then subscription required), “Archegos meltdown prompts banks to strengthen risk controls”