Purpose

The Covid-19 Pandemic Risk Events is an open catalog of observed (publicized) operational, credit or other major business (risk events) directly or closely associated with the 2019-2020 COVID-19 Pandemic. The catalog aims to document the breadth and sequence of such events reasonably accurately to allow risk managers understand existing vulnerabilities of financial / economic systems. See below for more precise criteria for inclusion and the adopted data schema.

Contribute to the List

Help make the list a useful record of one of the most distressing economic events in modern history. You can add a suggestion for a missing event by simply clicking on the feedback button at the end of the page!

Notes

This Open Risk Manaul entry serves as a convenient (live) collection point for relevant public data of economic / financial events. In due course this primary source of event data will be migrated to the repository of structured Open Risk Data

data of economic / financial events. In due course this primary source of event data will be migrated to the repository of structured Open Risk Data The organization and structure of the data collection is amended as the crisis unfolds

List of Collective Events

Covid-19 Collective Pandemic Risk Events 1. Domain 2. Date 3. Region 4. Description 5. Links 6. Remarks Bond Funds April 7 2020 Sweden Scandal Follows Crisis After 35 Bond Funds Frozen in Sweden Bloomberg Liquidity Risk Policy Actions March onwards Global Central Bank / Regulatory / Government Interventions Coronavirus Response Tracker, IMF Policy Response Tracker Credit Ratings April 17 US For 1st time since 2008, a CLO triggers its senior overcollateralization test SP Global Oil Futures April 17 US West Texas Intermediate futures for May delivery plunged more than 100% to -$37.63 a barrel Investor's Business Daily

NOT INCLUDED: Economic statistics and similar aggregate data points (unless of an extraordinary nature that reveals importnat elements of economic function)

data points (unless of an extraordinary nature that reveals importnat elements of economic function) NOT INCLUDED: Adverse market moves (unless of an extraordinary nature that reveals important elements of market function)

List of Individual Events

Some entries are tentatively included as placeholders even though they might be broader narratives rather than definitive event descriptions

Some entries are tentatively included even if the causal connection with the pandemic is not obvious

NOT INCLUDED: Individual Ratings downgrades or other such indicators of distress that are not fully realized events

Schema for the Individual Risk Event Table

Entity

An (informal) identification of the entity involved

Category

The subsector / industry in which the entity is operating

A rough indication (+/- Month of the Year) of when the risk event has become more widely known

Event Description

A brief narrative of the main aspects of the event, ideally with links to corresponding explanatory entries of the underlying risk mechanisms

Country

The Country where the company is incorporated and / or where the risk event materialized

Loss Amount

Where available, a monetary amount as an indicator of the scale of the event

Links to reputable and permanent URL's where the event is discussed.

Event Type

The event types categorization will primarily be drawn from suitable subsets of the Operational Risk and Credit Risk taxonomies but in principle any relevant Risk Type from the Risk Taxonomy will be included.

Business Disruption and Systems Failures - utility disruptions, software failures, hardware failures

Business Execution, Delivery, and Process Management - data entry errors, accounting errors, failed mandatory reporting, negligent loss of client assets

Internal Fraud - misappropriation of assets, tax evasion, intentional mismarking of positions, bribery

External Fraud - theft of information, hacking damage, third-party theft and forgery

Employment Practices - discrimination, workers compensation, employee health and safety

Legal Risk - Clients, Products, and Business Practice - market manipulation, antitrust, improper trade, product defects, fiduciary breaches, account churning

Physical Damage - Damage to Physical Assets - natural disasters, terrorism, vandalism

Criteria for inclusion

Risk Event Eligibility

There should be adequate, independent, confirmed and public information about the event, with authoritative, permanent urls.

Materiality Threshold

At present there is no explicit materiality threshold