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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