We start sharing with you relevant news and articles on COVID-19. All this is public information which we find useful for better understanding the coronavirus pandemic and how to fight it.
Your comments are welcome! Please share your opinion or similar information with us by e-mail: firstname.lastname@example.org
Your BACEE Team
We at BACEE are going to prepare a daily short summary on COVID-19 situation in CEE-CIS countries with classification of countries by:
– speed of COVID-19 spreading: increase of proven infections day by day in %
– penetration of infection (proven cases per 1 M inhabitants)
– mortality: deaths per proven cases in %
– increase of deadly outcomes day by day in %
– number of days since the first proven case
– number of days since last proven cases
– number of days since last deadly outcome (if any)
We start with basic statistics provided by WHO, please see the below links. Other elements listed above will be added step by step (asap). Thank you for your attention and patience!
Overview of COVID-19 situation in Eastern Europe/Baltics/SEE/Central Asia as of 7 April 2020 (based on WHO report)
Sam Theodore, Managing Director, Scope Insights comments on the expected impact of COVID-19 on the European banking industry
Elina Ribakova Deputy Chief Economist of the Institute of International Finance comments on the costs of COVID-19 and the post- pandemic perspectives of global economy – material provided as courtesy of bneIntellinews
Nordea’s update on corona virus situation: light at the end of the tunnel – we recommend you to read daily updates (free subscription-based)
The results of the model developed by FinLantern on the progress of the Coronavirus epidemic,
Daily Comment (issue #12)
by Riccardo Esposito, CEO at FinLantern
Vienna Initiative 2020 – Why it is exactly the right time to fully revive the Vienna Initiative 1.0? Gunter Deuber from Raiffeisen Research argues for joint efforts to fight possible economic downturn and financial sector stress in CEE countries
Daily change of total confirmed cases_ 23 March -2 April 2020 (in %),based on WHO report
Speed of COVID-19 infection’s spread – number of days needed to double number of infected, depending on daily growth rates in %
At what daily rate does the number of infected double in a week?
Daily change of total confirmed cases_ 23-31 March 2020 (in %),based on WHO report
Silvia Mahutova, owner of www.ifrsbox.com , a renowned expert in IFRs and BACEE’s esteemed partner, comments on how IFRS should be applied under the current conditions (COVID-19)
ITFA, working with their partner, Hume Brophy, have produced an excellent fact sheet with information on Covid-19 relief measures within the European Union by EU structures, regulators, national governments. The first overview can be downloaded here and will be updated weekly. Many thanks to ITFA!
The Institute of Directors issued recomendations regarding medium- and longer-term tasks of corporations’ boards in the era of COVID-19
Exclusive! The results of the model developed by FinLantern on the progress of the Coronavirus epidemic,
Daily Comment (issue #10)
by Riccardo Esposito, CEO at FinLantern
Cumulative growth 23-30 March – how fast did the coronavirus spread in CEE Countries? Aggregated indicators for the period 23-30 March 2020 based on WHO data (comparison of number of infected on 30 March and 23 March (x times))
IFRS and COVID-19:
Accounting for expected credit losses applying IFRS 9 Financial Instruments
in the light of current uncertainty resulting from the covid-19 pandemic- https://cdn.ifrs.org/-/media/feature/supporting-implementation/ifrs-9/ifrs-9-ecl-and-coronavirus.pdf?la=en
GLOBAL COVID-19 TRADECAST – Slides Available” https://itfa.org/global-covid-19-tradecast-slides-available
PwC has prepared a valuable analysis on how COVID-19 is expected to effect banks’ accounting policies and practices under IFRS (IAS 36, IFRS 9, IFRS 15, IAS 20, etc)
You may follow latest COVIR-19 statistics here with broad reference to local sources, with graphs and tables. Recommended!
A specialised professional webpage on all forms of influenza with updates on COVIR-19 operated by the Global Initiative on Sharing All Influenza Data (GISAID)- Gisaid.org
We recommend you the following website containing updated information on COVID-19 (active and closed cases/deaths/recoveries) globally and by country. Data might be different from those of WHO as they are more frequently updated
A nice overview of different info sources on COVID-19:
https://www.statsandr.com/blog/top-r-resources-on-covid-19-coronavirus/ by Antoine Soetewey
Banks and the pandemic: four critical steps to take even without regulatory prodding
Author: Sam Theodore, Scope Insights
An interesting model of people’s reaction to shocks, and – more generally- to changes (the „5 stages of grief”) – do you feel it is applicaple to the COVID-19 pandemic?
Recommendations of the Hungarian Banking Association for Managing Epidemy Threats and Epidemics for Financial Institutions and Related Key Commercial Operators