EU financial regulators assess risks to the financial sector after the outbreak of COVID-19 and call for enhanced cooperation
ESAs
Date:
09 October 2020
On 22 September 2020, the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued their first joint risk assessment Report of the financial sector since the outbreak of the COVID-19 pandemic. The Report highlights how the pandemic has led to further amplified profitability concerns across the board and heightened liquidity challenges in segments of the investment fund sector. It particularly points to economic and market uncertainty as a key challenge going forward.