Credit Suisse Sees Archegos Loss Running Into the Billions

The transcript discusses the recovery of financial institutions like Morgan Stanley and Goldman Sachs from recent market losses. It delves into the complexities of prime brokerage and swaps, highlighting the challenges in understanding leverage and the need for greater regulatory oversight. The conversation touches on the roles of the SEC and CFTC, with a focus on potential regulatory changes under Gary Gensler's leadership.

What challenges do regulators face in overseeing the swaps market?

Discuss the implications of having both SEC and CFTC involved in regulation.