Is Covid-19 crash the worst drawdown ever?

15/09/202015/09/2020 Deni Memic financialmarkets, sp500, stocks

How the stock market is being hit by COVID-19? How the current stock market collapse compares with others in history?

Black Tuesday 1929 (-86%), Nixon Shock 1973 (-48%), Dot Com Bubble 2000 (-49%), Global Fin Crisis 2007 (-57%), all beat Covid-19 2020 (-34%).

Deni Memic

Academic Program Chair Finance at Higher Colleges of Technology – UAE

Deni Memic

Academic Program Chair Finance at Higher Colleges of Technology - UAE

ECB
ECB- Legal
Finance Watch
EBA

Andrea Enria: Interview with HRT

25 February 2021

[...]

ECB publishes supervisory Memoranda of Understanding

19 February 2021

[...]

Edouard Fernandez-Bollo: What does the ECB expect from banks’ leaders?

19 February 2021

[...]

Kerstin af Jochnick: “We are not out of the woods just yet”

17 February 2021

[...]

Elizabeth McCaul: Interview with Il Sole 24 Ore

16 February 2021

[...]

CON/2020/16 Opinion on amendments to the Union prudential framework in response to the COVID-19 pandemic

19 May 2020

[...]

CON/2020/15 Opinion on amendments to Latvian national security, emergency situation and mobilisation laws

10 May 2020

[...]

ECB/2020/22 Regulation (EU) 2020/605 of the ECB of 9 April 2020 amending Regulation (EU) 2015/534 on reporting of supervisory financial information

6 May 2020

[...]

CON/2020/12 Opinion on the identification and reporting by financial institutions of the allocation of sums deposited in savings account

16 April 2020

[...]

ECB/2020/19 Recommendation of the ECB of 27 March 2020 on dividend distributions during the COVID-19 pandemic and repealing Recommendation (ECB/2020/1)

29 March 2020

[...]

Tackling non-performing loans in the aftermath of the Covid-19 pandemic

16 February 2021

[...]

Bail out people, not banks

15 February 2021

[...]

Fossil fuel lending is a financial stability issue

1 September 2020

[...]

The EU recovery plan can still be made into a catalyst for sustainability

31 July 2020

[...]

Which financial services are needed for financial inclusion?

7 July 2020

[...]

ESAs issue recommendations on the application of the Regulation on sustainability-related disclosures

25 February 2021

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related disclosures in the financial services sector (SFDR). The statement aims to achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and protecting investors. [...]

EBA consults on draft technical standards to improve supervisory cooperation for investment firms

24 February 2021

The European Banking Authority (EBA) launched today two public consultations on regulatory technical standards (RTS) and Implementing Technical Standards (ITS) on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms. These draft standards provide a solid framework for (i) cooperation in the supervision of investment firm groups though colleges of supervisors and (ii) for information exchange for investment firms operating through branches or the free provision of services. These draft standards are part of the phase 2 mandates of the EBA roadmap on investment firms, and aim at improving cooperation and information exchanges between the supervisors… [...]

EBA calls on national authorities to take supervisory actions for the removal of obstacles to account access under the Payment Services Directive

22 February 2021

The European Banking Authority (EBA) published today an Opinion on supervisory actions national competent authorities (NCAs) should take to ensure banks remove any remaining obstacles that prevent third party providers from accessing payment accounts, which restrict EU consumers’ choice of payment services. The Opinion will contribute to a level playing field across the EU and to a consistent application and supervision of relevant requirements under the Payment Services Directive (PSD2) and the EBA Regulatory Technical Standards on strong customer authentication and common and secure communication (RTS on SCA&CSC). [...]

EBA publishes final draft technical standards on indirect exposures arising from derivatives underlying a debt or equity instrument

19 February 2021

The European Banking Authority (EBA) published today final draft regulatory technical standards (RTS) specifying how institutions should determine exposures arising from derivative and credit derivative contracts not entered directly into with a client but whose underlying debt or equity instrument was issued by a client. These draft RTS will ensure appropriate levels of consistency through different pieces of the regulatory framework for the calculation of large exposures. [...]

EBA publishes final draft technical standards on disclosure of indicators of global systemic importance by G-SIIs

18 February 2021

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the disclosure of indicators of global systemically important institutions (G-SIIs). These standards help to identify which banks are GSIIIs and specify the formats and instructions in accordance with which G-SIIs disclose the information required under the Capital Requirements Regulation (CRR) and aim at ensuring consistency of information. [...]

Deni Memic

You May Also Like

3 Reasons Why Traditional Banks Lag Behind in Digital Transformation

Banking is nothing to do with relationships, it’s all about trust

Artificial Intelligence, Sanity Check