This week Jordan Greenaway, Managing Director of Transmission Private, was featured in Business Insider. He discussed the consequences of the Archegos scandal and how the resulting regulatory action will impact the world of family offices.

Summary

• In the wake of the Archegos scandal, large banks are reluctant to take on new family office clients. Family offices should look to diversify their partnerships and form new relationships with alternative financial partners, such as tier-two banks.
• The spotlight is on family offices and regulators are starting to look closely. There is a wave of public interest in family offices which will lead to new discussions surrounding transparency and how family offices disclose their cross-border investment activities.
• At its core, banks were over-leveraging with little regard to risk. In order to prevent a future fallout from occurring, banks must demand more oversight before lending capital and facilitating such deals. Family offices can restore confidence by proactively communicating their risk management processes.

View original coverage: Business Insider →