Many will wish they could rewrite recent history and edit Covid out of the picture. And, in a roundabout way, that’s what some banks are doing with the Covid narrative around their credit risk models.
At the start of the pandemic, bank models, unsurprisingly, began to predict major losses. Contrary to its general toll on humanity, however, the economic after-effects of Covid were not as disastrous as anticipated – largely because of the high degree of government intervention in the world’s
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
