By Vox analyst Mark Byrne
For the past year, I’ve worked on an IBOR Transition Project with a Vox global banking client in New York. The team I work with aligns within the Markets division of the bank, which has offered me the unique purview of exploring COVID’s impact on both regulatory reforms and financial markets around the world.
We’ve explored the impact of COVID on several key regulatory reforms including the IBOR Transition, Initial Margin, and more. Here, I look at COVID’s impact on the U.S. economy and why a K-shaped relapse is a more appropriate way to look at the recovery of the U.S. economy vs. the widely-touted V-shaped recovery.