Panellists discuss the possible impact of corporate failures on European banks coming out of the pandemic, and note central banks juggling act around digital currencies; unable to halt their arrival but still having to marshal progress and ensure the technology doesnt weaken financial stability. The session examined the structural trends in the financial sector that have beenentireamplified or altered by the COVID crisis.
The pandemic has triggered a re-leveraging event amongst governments, firms and households with important consequences for two-way risk, said Jeremy Lawson, chief economist, Aberdeen Standard Investments. Speaking at FIS Digital 2021 he said current leverage levels are a gateway to higher inflation or an entrenched low…
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