• Covid-19
  • surveys

Before and after Covid-19: What can Treasurers expect?

by Lucia Ruiz

Published: 24 March 2020

That the world in 2020 is facing an unprecedented challenge is not news to anyone. With government treasuries saying that Covid-19 is likely to have a more severe impact than the Global Financial Crisis and the stock prices of global multinationals  dropping by 30%, the world is eyeing how large companies are coping with the crisis.

The pan-European Stoxx600 index hit its worst one-day percentage decline in history dropping more than 34% in the last month and temporary bans on the shorting of stocks are being applied by regulators across Europe.

Business continuity planning, market disclosure, financial reporting or fund management measures are being put in place by the European Securities and Markets Authority (ESMA) to monitor the impact and assist European markets to cope.

Global companies like Uber are having to make fast strategic decisions removing products like Uber Pool (shared taxi rides) to halt the spread of the virus and European banks such as Barclays have said that it is “very unlikely” to meet profit targets due to the pandemic.

In the meantime, central banks have slashed interest rates and have announced emergency measures to support debt markets, while governments across the world are approving stimulus plans to protect the economy.

Share how your treasury is being impacted by Covid-19 by taking our short survey now

Take the survey

You may also like...