The Risk Management Failures Behind the Fall of Credit Suisse

Credit Suisse lost $5.5 billion from its relationship with a single client. Yet Archegos was only one part of a much wider story. For years, Credit Suisse faced repeated scandals, substantial losses and serious warnings about its risk culture and controls. Information was available. Concerns were raised. Limits were breached. The bank repeatedly failed to take effective action. In this video, I examine the risk management failures behind the fall of Credit Suisse and what the case teaches us about risk culture, governance, accountability and the difference between identifying risk and actually managing it.