News

While it’s too early to say what the medium term impact of the COVID 19 shutdown will be on the world economy and banking system, it is possible to highlight some of the issues and areas of concern that credit officers and portfolio managers should focus on, and some of the steps they should be taking to prepare themselves.

The customer is always right. Evolving and adapting to new consumer trends, formats and environments has always been a challenge for many retailers, retail owners and lenders. Like many other shocks, Covid-19 is changing consumer behaviour and has accelerated recent trends. Shopping online and home delivery is creating additional pressure on retailers and retail owners to create a compelling argument as to why consumers should visit a shop, high street or shopping centre or buy anything at all in the current situation.

Resolute Asset Management, the leading global asset manager and advisor on real estate and real estate loans, is pleased to announce that as of 24th April 2020, its wholly owned and independently managed subsidiary, Resolute Investment Management (Cyprus) Ltd has received authorisation from the Cyprus Securities and Exchange Commission to operate as an Alternative Investment Fund Manager (‘AIFM’) with license number AIFM31/56/2013.

In recent days, we have been repeatedly assured by institutional figures that the banking system is much better positioned to weather this crisis than it was in 2008. Whilst that would be reassuring, it is unfortunately not true.