The situation around the American investment fund Archegos Capital began to study the financial regulators of the United States and the United Kingdom. Last week, it became known that a number of the world's leading banks put up for sale stakes related to Archegos Capital. This led to a collapse in the prices of companies in which its owner, financier Bill Hwang, owned shares through the fund.
The companies whose securities participated in the sale-ViacomCBS, Discovery, Baidu, and other IT and media companies in the United States and China-lost $33 billion in capitalization. Then the bank's Credit Suisse Group and Nomura Holdings said that they could suffer significant financial losses due to the problems of one of their clients in the United States. None of the financial companies did specify the name of the client, but The Wall Street Journal connects the problems of the companies with the Archegos fund. Later, Mitsubishi UFJ Securities Holdings announced the probable losses, which estimated its possible losses at $300 million.
Analysts polled by Reuters estimate that bank's losses from the events surrounding the fund could bring them losses of between $6 billion and $10 billion. Now the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA), as well as the UK Financial Conduct Authority (FCA), have begun collecting information from bankers and brokers. The regulators themselves do not disclose the essence of their meetings, however, according to media reports, they are trying to find out whether the risks can spread to other market participants and the market as a whole. US Senator Elizabeth Warren has already called on regulators to ensure that вЂњtheir activities are transparent, and control the market so that the collapse of some next hedge fund does not bring down the economy.вЂќ