The COVID-19 Diaries – Week 12 – ‚A random walk down COVID-19‘

In general, a round of roulette can be seen from two different perspectives. One, that our odds are roughly 50 / 50 and we should not be concerned whether it is a monkey or Alan Turing betting with our capital. And two, that the outcome of the next spin can be sufficiently determined by the […]

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The COVID-19 Diaries – Week 8 – ‚Dear IMF, thank you for your encouragement‘

It was widely known that there will be a recession, some might have understated the extent of it. The IMF recently released its forecast for the global economy incorporating the effects of COVID-19. The picture it painted is very similar to Raffaello’s classic, St. Michael Vanquishing Satan. However, the IMF forgot to include St. Michael and […]

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The COVID-19 Diaries – Week 7 – EBA bought a ticket for the ESG bandwagon

On 22nd of April, EBA published the draft Regulatory Technical Standards (RTS) on ESG disclosures. The measures have been developed by the three European Supervisory Authorities (EBA, EIOPA and ESMA) under the EU Regulation on sustainability-related disclosures in the financial services sector Regulation (SFDR), which aims to strengthen protection for investors and improve the disclosures […]

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The COVID-19 Diaries – Week 4 – ESG Investing & Climate change

Climate change should hire Corona’s PR manager There is zero doubt that the economy is experiencing a flu, but the extent of damages cannot be reliably estimated. However, throughout the past couple of years Coronavirus was not the only externality that the markets experienced. There is no single externality on the planet larger than carbon […]

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The COVID-19 Diaries – Day 16 – Peer to peer lending or peer to peer default

  Risk by default has a negative connotation in professional language. Oxford defines the noun risk as the following. “The possibility of something bad happening at some time in the future; a situation that could be dangerous or have a bad result.” However, every coin has two sides and hardly anybody sheds light on the […]

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The COVID-19 Diaries – Day 11 – Black Mirror – Live Experience

Markets In a blink of an eye, the fight against the coronavirus pandemic’s social and economic consequences has significantly intensified. Whereas governments and the private sector are initiating strict social-distancing rules to stop the spread of the virus, the economic damage is already significant and could be even more bearish.

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The COVID-19 Diaries – Day 8 – When the Fintech community came together to fight

If you ask a person who grew up in the ‘80s or ‘90s watching the Jordan led Bulls raking up Championships on top of Championships, who is the best ball player of all time, the answer will be evident. Jordan retired in 2003, the same year LeBron James was drafted to the NBA as a […]

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The COVID-19 Diaries – Day 2 – “A bank (is) was a place that would lend you money if you can prove that you don’t need it” (Bob Hope)

  Primary responsibility of banks is to provide liquidity and financing to households and companies via acting as an intermediary between lenders and borrowers. The above statement applies in a business as usual scenario. However, today is far afield from business as usual.

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CEE market Series with focus on the NPE landscape – Romania

Romania has always been a CEE hotbet for non-performing loan transactions since the early 2010s. Through the past 5 years, approximately one third of the gross book value brought to market was originated from Romania. Historically, the driving forces behind one of the largest transactions in the CEE were the favorable regulatory regime, the well-established […]

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