Subscribe on LinkedIn to be notified of each new Daily Update—a curated selection of essential intelligence on financial markets and the global economy from S&P Global. The fallout from the Greensill Capital and Archegos Capital Management scandals is continuing to reverberate across the financial services industry—likely resulting in a stricter risk management landscape. The collapse of the London-based supply chain finance company Greensill, which filed for insolvency in early March after maintaining a valuation in the billions just a few years prior, marked one of the most shocking firm failures in more than a decade. In the same month, Archegos, the family office of investor Bill Huang, couldn’t meet multiple margin calls, prompting a widespread sell-off that closed the family office, lost Mr. Huang between $8 billion-$20 billion in less than two weeks, and cut millions from major global banks’ first-quarter earnings. Both incidents may make trade credit insurers more cautious, weaken confidence in the supply chain finance market, and force a reconsideration of reputational and asset management risks across capital markets, the global banking industry, and the broader financial services system.