From late February, when COVID-19 began to spread in Europe and the United States, investors'  1  risk sentiment deteriorated and global capital and financial markets became rapidly unstable due to uncertainties over the outlook for the global economy and growing anxiety about COVID-19. Domestic and overseas economies were affected significantly (Chart 2).
Sabine Lautenschläger: European banking supervision - towards a common culture Statement by Ms Sabine Lautenschläger, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Eurofi Financial Forum 2018, Vienna, 6 September 2018.