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Piggy bank in a mask on a background of blurry lights

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.

[Read the full article below or download it as a PDF file from here]

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.