The European Securities and Markets Authority (ESMA) on Thursday 2 April updated its risk assessment to take into account the impact of the COVID-19 pandemic on the markets. It considers that the risks are currently very high and are expected to increase further.
The pandemic has led to massive equity market corrections since mid-February, driven by a sharp deterioration in the outlook for consumers, businesses and of the economic environment, the ESMA said.
“In light of the COVID-19...