Virus fallout: Survey points to large-scale bankruptcies and growth of asset mispricing risks
The coronavirus crisis has heightened the need for markets and industries to adapt quickly for survival and to brace for further pain
CFA Institute recently published a report about the impact of the coronavirus crisis on the global economy and the investment management industry. Based on a global survey conducted in April 2020, the report details CFA® charterholders' observations on a wide range of issues, including market liquidity and volatility, asset prices, the shape of the economic recovery, government and regulatory intervention, and asset allocation and hiring changes.
This article focuses on five key themes: market liquidity, asset price formation, government intervention, impact on the financial services industry, and risk of misconduct.
Market liquidity is down
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