Archegos Blowup May Spur Greater Bank Supervision, U.K. Regulator Says
- Top regulator Woods says probe into collapse concludes soon
- Watchdogs are examining failures leading to $10 billion losses
Sam Woods, head of the BOE’s Prudential Regulation Authority.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The Bank of England’s top banking regulator said the $10 billion meltdown of Archegos Capital Management was “extraordinary” and may lead to supervisory fallout around the world.
Sam Woods, head of the BOE’s Prudential Regulation Authority, told U.K. lawmakers on Wednesday that British regulators’ probe into the collapse would likely conclude within the next month.