Thank you for supporting participation in our second survey, COVID-19, One Year Later, on the effects of the COVID-19 crisis. We are excited to release the full report based on the findings of the survey.
Input from our members is an invaluable source of data informing our research into how this crisis is affecting capital markets and the investment industry. Our primary goal was to show that, in applying the insights and expertise of our members, CFA Institute is well positioned to decipher the complex phenomena this crisis has created.
Following two iterations of our research into the COVID-19 crisis, we identified several key findings from the global COVID-19, One Year Later: Capital Markets Entering Uncharted Waters results:
- The COVID-19 crisis is having a structural impact on the economy and its traditional equilibriums, including a rising role for the government; big tech; and environmental, social, and governance (ESG) factors.
- We should prepare for higher taxes and perhaps debt monetisation to pay for these economic relief programmes.
- Unorthodox monetary policy measures may be having unintended socioeconomic consequences that policymakers should consider for future crises.
- Regulators continue to have a role to play as part of the solution to the crisis. Key risks will include money markets and pension viability.
- Corporates have been affected by the crisis, and credit risk could be on the rise.
We have developed materials that provide a regional view into the survey results. We encourage your society to use these results to inspire dialogue and develop programming around the survey's findings.
I appreciate your time and effort in helping CFA Institute fulfil its mission towards the profession, our local societies, and society at large.
Best regards,
Olivier Fines
Head, Advocacy, EMEA
advocacy.cfa@cfainstitute.org
Survey Resources
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