With the legal authority to now issue guidelines and regulations related to managing systemic risks, it is important more than ever for the FSCC to see what market players see, and for us to influence risk behaviors in ways that develop markets and build resilience. This is why this course is important, particularly at this critical time.
We hear of the divergent paths of recovery from Covid-19 and how movements in Advanced Economies are affecting Emerging Economies and Developing Economies. No matter how you work on the analysis, this divergence should be evident in market prices, alongside portfolio flows and reflows. The global economy is patently interconnected through the pipeline of bond and credit markets.