Exclusive: Goldman risk group examines 2021 market events for lessons - sources

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Goldman Sachs Group Inc executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo/File Photo

Goldman Sachs is also looking more broadly at how it handled recent market events, with a particular lens on compliance and best practices, the sources said. The Fed considers it a"risk-management breakdown" at firms that handled Archegos' trades, Chairman Jerome Powell told CBS's"60 Minutes",Goldman’s chief executive, David Solomon, said last week that the bank’s risk controls on Archegos “worked well.”

 

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