Governments and central banks in advanced economies have implemented robust and comprehensive plans while taking a coordinated approach to fiscal and monetary stimulus, which was a novel and potentially controversial stance on central bank independence. This influx of liquidity into the system clearly tamed the risks of market dislocation and helped bridge the gap - at least partially - for market participants, workers, regulators, policy makers, and investors directly affected by the economic shutdown measures.
Concerns are rising, however, as to the eventual unintended consequences of this liquidity infusion by central banks and government relief programmes, including questions regarding a multispeed recovery, inflationary pressures, addiction to monetary stimulus, taxes, emerging regulatory risks, and the actual financial health of corporates.
The CFA Institute has conducted a survey of its global membership to analyse the effects of the current economic crisis caused by the Covid-19 epidemic on financial markets and the investment management industry. The survey was run worldwide from 8 to 28 March 2021.
This research constitutes the second iteration of CFA Institute's work on the effects of the Covid-19 crisis. The first research was released in June 2020 and was based on a survey run worldwide from 14 to 24 April 2020.
Join us for an interactive discussion on the findings of this second survey, Covid-19, One Year Later.
Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.
Timings
Registration: 12:55
Event: 13:00 - 13:40
CPD Points: 0.75
Speakers
Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy Research, CFA Institute
Olivier Fines, CFA, is Head of Advocacy and Capital Markets Policy Research for EMEA at CFA Institute. With teams based in London and Brussels, Olivier leads the effort in researching, and commenting on, the major trends that affect the investment management industry, changes to the profession, policy and regulatory developments.
The positions taken on these issues and the research pieces that are published are meant to promote the fundamental principles upheld by CFA Institute, that of investor protection, professional ethics and market integrity.
Olivier has joined CFA Institute in March 2019 after a 15-year career in investment management, spanning research, portfolio management, product management and regulatory compliance work at firms based in Paris and London. Prior to joining CFA Institute, Olivier was Head of Risk and Compliance at Rothschild & Co in London for the private equity and private debt division
Alessandro Tarello, CFA, Quantitative Researcher, Alphidence Capital Limited
Alessandro joined Alphidence Capital Ltd in 2020 as a Quantitative Researcher. Before this, he worked for Columbia Threadneedle Investments from 2006-2020 as a Portfolio Manager and Quantitative Analyst.
Alessandro holds a PhD in electrical engineering and computer science from Politecnico di Torino, Italy. He also held research positions at MIT and NASA JPL where he worked on optimization over Mars proximity links.
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