long-term consequences of the COVID-19 crisis for risk professionals

By Oscar D. McCarthy, PRM

A featured article of our July 2020 edition of PRMIA's Intelligent Risk quarterly newsletter

The COVID-19 crisis has already significantly impacted society, with widespread lockdowns in place to  manage  contagion  risk  and  emergency  measures  in  place  to  mitigate  the  associated  economic  damage.  Risk  professionals  in  the  finance  sector  are  dealing  with  the  immediate  consequences  of  these, relating for example to market volatility and credit provisioning, while working remotely. But what are the longer-term consequences of the crisis - and what do they mean for risk professionals? In this article we consider the longer-term impacts of government and central bank policies and their societal and technological consequences on the industry and profession.

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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.

Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the April 2020 edition with the public. Get more articles like this by joining PRMIA today.

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