27 April 2020
As Asia’s securities markets emerge from Covid-19 at different stages, a Deutsche Bank Securities Services-hosted webinar assessed the impact of policy and operational responses by governments and financial regulators on the region’s capital markets and how these markets could change. flow’s Janet Du Chenne reports on the key takeaways
During the global lockdown, webinars and video conferences have replaced meetings as an effective means of staying informed. For this reason, more than 100 securities industry practitioners participated in a Deutsche Bank webinar on 16 April, the fifth hosted by the Corporate Bank division since the lockdown began in March, to hear how Asia securities markets are responding to the Covid-19 challenges.
With the escalating health crisis in Asia spilling over into the economic and financial sector, Boon-Hiong Chan, Head of Securities Services Market Advocacy, Deutsche Bank and moderator of the webinar, introduced Head of China Macro Strategy, Linan Liu to set the scene with an analysis of the impact on the regional financial markets risk.
Liu predicted that the “once in a century pandemic” would likely cause global growth to be replaced by a deep recession. However, she noted different signs of containment in Asia offering light at the end of the tunnel. North North Asian countries and regions such as China, Hong Kong SAR, Japan, Singapore, South Korea and Taiwan have introduced measures to contain the outbreak, while South East Asian countries have already implemented them. India imposed a nationwide lockdown on 24 March, while a movement control order (MCO imposed a week earlier by Malaysia was recently extended by a further fortnight to 12 May.
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