ECB sounds COVID-19 financial stability warning
The pandemic has greatly amplified existing vulnerabilities of the financial sector, corporates and sovereigns.
Financial Risk Management
Background
Financial risk is made of three basic types: market risk - FX risk, interest risk and commodity risk; counter-party risk - credit and partner risk; and liquidity risk - risk that the company will not…
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Banks and police team up to fight financial crime in Sweden
The SAMLIT effort will be piloted this year, with the goal of launching in 2021.
UK banks: managing through challenging times with regulatory encouragement
A report from Scope Ratings suggests that while revenues will suffer, UK banks' support of the economy will earn them regulatory support.
Fitch makes further economic forecast cuts, but global recession bottoming out
The ratings agency believes the slump in global economic activity is close to reaching its trough.
Economic bounceback possible in 2021?
A report covering EBRD regions sees economic contraction of 3.5% in 2020, but a 4.8% rebound in 2021.
Financial professionals predict painful recovery
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
EBA publishes credit risk and market risk updates
The updates cover guidelines on credit risk mitigation with the IRB approach and specific reporting requirements for market risk.
How financial services firms are confronting COVID-19
Fitch has assessed the downside scenario for global FIs, while a Deloitte survey shows how firms are learning from the pandemic.
CFOs preparing for revenue decline as unparalleled global recession underway
Fitch Ratings has slashed its global GDP forecasts, while a Gartner poll reveals the COVID-19 toll on corporates.
Treasurers in the spotlight to manage COVID-19 business risks
Data gathered by Bloomberg and Greenwich Associates highlights how treasury is being asked to be a critical line of corporate defence.
UKEF expands protection against non-payment for UK exporters
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
Hedging and COVID-19: Three key considerations
by Amol Dhargalkar, Managing Director, Global Corporates Sector, Chatham Financial
How can your company address its financial risk management program in light of these unprecedented times?
COVID-19 vs the global financial crisis - key differences
A credit markets review and outlook of the current crisis from Moody's shows that, unlike 2008-2009, few speak of a credit crunch.
World Federation of Exchanges weighs in on EU’s digital resilience consultation
The group has suggestions to enhance operational resilience and to improve practices across the financial services sector.
COVID-19 impacts on European banks
A report from Scope Ratings says that pre-existing financial health matters as European banks await the economic impact from the virus.
COVID-19 to have significant economic impact on developing Asia
The Asian Development Bank has outlined how the virus will impact the region's economy.
Coronavirus – 10 tips for managing legal risk from global supply chain disruption
Sidley Austin has issued tips for dealing with supply chain disruption and making companies virus-fit for the future.
Corporate bond debt continues to pile up
An OECD report finds today's outstanding corporate bonds have issues like lower overall credit quality and higher payback requirements.
Australian business activity plunges at fastest rate on record
Subdued demand, coronavirus and bushfires behind the continued reduction in activity, finds initial results of CBA’s monthly PMI data.
Euler Hermes launches application to identify export risks and opportunities
Trade Match analyses data to let users view the most dynamic and least risky destinations for exports.
DLT implementations leaving gaps in security?
A DTCC paper calls for a coordinated strategy to develop a principles-based framework for DLT-specific security risks.
Half of all reported crime in UK is cyber crime or fraud
PIFMA's Financial Crime Conference found cyber crime and fraud figures are growing exponentially each year.
U.S. Bank Q&A reveals a ‘glass half full’ investment outlook
Despite a variety of disruptive global economic issues in 2020, investors may have reason to accentuate the positives.
Nordic outlook: Short-term relief but long-term risks
A report from SEB notes cautious regional growth set against a backdrop of political uncertainty and supply-side constraints.