Coronavirus – Staying competitive in today’s markets

The outbreak of the Covid-19 virus, commonly referred to as the Coronavirus, has been both dramatic and explosive. The impact on China’s economy is significant as it closes many factories, halting production and exports that the rest of the world depend upon.

Latest statistics suggest the world’s economy could grow at its slowest rate since 2009 as a result. Yesterday, we heard that Europe’s largest regional airline Flybe has gone into administration, citing Coronavirus as a contributing factor. Airline analysts are predicting that this could be the start of more casualties.

It is therefore essential that any company that has a trading portfolio can readily see their exposure to countries and industries that are being affected by Coronavirus. Further, which counterparties that you have exposure with are going to be hit with supplier disruption, weakening their financial status?

Counterparty credit risk has never been so vital, in understanding where your risk lie and knowing what credit risk mitigation is in place. Proactive risk management with the use of intelligent alerting, can help in making these decisions faster, backed up by analysis that can simulate many different market scenarios.

Trading on spread sheets or basic inhouse databases can no longer keep up with the rapidly changing world and the explosive unprecedented risks we are seeing more regularly in today’s markets. These risks do not only come from the Coronavirus but also from trade wars, global warming and terrorism to name just a few.

Brady’s credit risk solution easily integrates to any trading or finance system to manage credit risk across a diverse range of portfolios and products. If you want to prepare your business for tomorrow’s markets, contact us today to find out more.

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Coronavirus – Staying competitive in today’s markets

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