Coronavirus

Firm-specific risk-neutral distributions with options and CDS

The banking industry and the challenges of the pandemic

Good evening. Let me thank the Governing Board of Spain Investors Day and their President, Benito Berceruelo, for kindly inviting me to participate in the closing of the 11th edition of this annual international forum. As in previous years, it will undoubtedly contribute to enhancing Spain’s image and to promoting international investment in our country. … Read more

Firm-specific risk-neutral distributions with options and CDS

Vitas Vasiliauskas: Introductory remarks – Cyprus Annual Banking Conference and FinTech EXPO

Good morning, dear listeners, fellow Governors, I would like to thank the Governors for their insights in this panel, and also the organisers of the conference for inviting me. Discussing the role of banks in the time of COVID-19 is indeed vital. Banking is as important to the economy as the heart is to the human … Read more

Firm-specific risk-neutral distributions with options and CDS

Adrian Orr: 2019 – 20 Financial Review of the Reserve Bank of New Zealand

Tēnā koutou katoa, welcome all. It is a privilege to be here with you today – alongside the rest of the Bank’s Senior Leadership Team – to report on the Reserve Bank of New Zealand’s achievements, challenges, and opportunities on what has been an extraordinary and unprecedented year. Like many organisations and businesses, we, at … Read more

Firm-specific risk-neutral distributions with options and CDS

all eyes on the central bank’s balance sheet

Covid-19 pandemic caused an unprecedented negative shock and to that extent required an extraordinary response from monetary and fiscal authorities around the globe. In the face of this shock, central banks have gone beyond the traditional frameworks, by adopting an expansionary monetary policy to expand the central bank’s balance sheet. This material describes the dilemmas … Read more

Firm-specific risk-neutral distributions with options and CDS

Role of the Bahamian Financial Services Sector in the Transformation and Growth of the Bahamian Economy

Introduction It is an honour to speak at this 30th Annual Bahamas Business Outlook and to reflect on the related themes of “recover, adapt and advance.” I would like to focus my presentation on the role of the financial sector in this process, from the perspective of transformation and growth, and to relate this to … Read more

Firm-specific risk-neutral distributions with options and CDS

ESRB report on the financial stability implications of Covid-19 support measures to protect the real economy

Ladies and gentlemen, thank you for joining today’s conference call. The report we present today is novel in two respects: First, the report benefited from the unique data collection on covid-19 related support measures under Recommendation ESRB/2020/8 issued by the European Systemic Risk Board (ESRB) in May 2020. This support has a total nominal value … Read more

Firm-specific risk-neutral distributions with options and CDS

Economic activity, prices and monetary policy in Japan

I. Recent Economic and Price Developments A. Economic Developments I will begin my speech by talking about overseas economies. The growth rates for the April-June quarter of 2020 were substantially negative in many countries due to measures such as lockdowns implemented in response to the spread of the novel coronavirus (COVID-19). However, those for the … Read more