Financial impact of COVID-19
At the beginning of 2020, the coronavirus COVID-19 disrupted the world in a manner that hardly anyone was prepared for. A vast amount of resources is required to get through this phase. For insurance companies, this means facing greater uncertainty regarding the management of financial risks on their balance sheet at a time when they are already dealing with the low interest rate environment and major regulatory changes, such as IFRS 17.
The corona pandemic scenario as a key stress event
As we live through the coronavirus crisis, people have started to gauge the economic consequences that the measures taken to combat the crisis may have. These are likely to be severe, with a significant increase in unemployment and company defaults.
Treasury optimization in Asia, Part III
Just as growing companies plan to expand their operations internationally, corporate treasurers seek to identify new opportunities and take on challenges. The two seem to go hand in hand, as new challenges and difficulties materialize around every corner. Certainly the most daunting challenge that the global economy has been presented with recently is the COVID-19 outbreak. The recent outbreak represents a global health emergency and the biggest challenge the global economy has faced in over a decade. The fact that very few saw it coming highlights the shortcomings companies, even successful ones, can face.
How To Manage Your Treasury
The Covid-19 outbreak has brought many organizations to re-think their business models, processes and technologies at an unparalleled level and pace in order to prepare for unprecedented changes.
Corona Crisis Impact
In March, the corona crisis unfolded in the Western world. Several governments have chosen to implement a so-called “lockdown” to slow down or prevent spread of the coronavirus. However, these lockdowns have caused huge problems for a significant number of companies. What do the resulting credit rating downgrades in different sectors show?