Is accounting to blame for the pandemic?

by Peter j. Hughes, published by PRMIA in the July 2020 issue of “Intelligent Risk”

Banks and airlines have something in common: they both have the potential to transform an isolated and sometimes freak event into a global economic crisis. In fact, any industry whose business is dependent on globally interconnected networks, whether digital or physical, possesses this awesome potential.

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About Peter Hughes

Peter is Chairman of the Risk Accounting Standards Board at RASB. He is also a visiting fellow and advisory board member of the Durham University Business School’s Centre for Banking, Institutions & Development (CBID). He was formerly a banker with JPMorgan Chase.