Complimentary Webcast: Recession in the Wake of Coronavirus: Strategies for the Credit Team to Deal with the Increased Credit Risk

The U.S. economy is experiencing its worse quarter since 1945 with the 2020 GDP declining 5.3%, calling for a Second Great Depression with no expectation for a V-shaped recovery anytime soon. The coronavirus pandemic is continuing to fuel fear in financial markets around the world and the financial risk that follows is leading companies to immediate financial distress.  Economists fear there won't be a fully functioning economy any time soon especially after failed attempts in reopening businesses and lifting shutdowns. What strategies can the credit and finance team consider in light of the financial condition of customers and the recession as a result of the coronavirus? In this webcast, Steven Isberg, Professor of Financial Accounting, and I will discuss:
  • The coronavirus and the economy;
  • Global disruption and supply chains;
  • Federal government bailout and loans; 
  • Impact of Interest Rates;
  • Influence of Money Supply;
  • Effect of Employment Rate;
  • Consequence of Consolidation;
  • Corporate debt defaults;
  • Credit policy and recscoring the customer;
  • Identifying, validating, and responding to customer credit risk flags;
  • Credit enhancements and other risk mitigation strategies; and 
  • Chapter 11 checklist for the supplier

 

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Event Properties

Event Date 09-30-2020 12:00 pm
Event End Date 09-30-2020 1:00 pm