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Chart of the Week: APAC banks not reliant on market-sensitive income
Further drops in prices of financial assets are likely if the COVID-19 outbreak persists.
Asia Pacific banks do not have an outsized reliance on market-sensitive income, reports Moody’s Investors Service.
Further drops in prices of financial assets are likely if the COVID-19 outbreak persists, even if markets have recovered from sell-offs.
Whilst short-term volatility can be good for bank earnings from financial markets, longer declines will be credit-negative for banks due to market-to-market losses on financial investments and revenue drops.
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