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Coronavirus and its impact on the financial industry
Professor Dr Sascha Steffens warns regulators not to roll back post-crisis rules
Frankfurt am Main, 19.03.2020 12:00:00
Coronavirus is not only a threat to people’s health – it is already shaking up the global economy. For that reason, many governments and central banks have already taken action. The institutions are starting to flood the markets with liquidity in order to stabilise businesses.
However, Professor Dr Sascha Steffen, Professor of Finance at Frankfurt School of Finance & Management, warns regulators not to roll back the introduction of capital rules after experiencing the 2008 crisis.
Read the whole Financial Times article here.
Professor Dr Sascha Steffen spoke with the Financial Times in order to explain the pandemics impact on the financial industry