Microsoft Word - instructions MID SEMESTER ASSIGNMENT.docx AFIN8003 MID SEMESTER ASSIGNMENT (25%) TOPIC and RESOURCES Instructions: Write a 1500-word (+/- 10%) report in your own words, answering the...

1 answer below »
Please let me know if you can get this done according to the assignment criteria mentioned in the file.


Microsoft Word - instructions MID SEMESTER ASSIGNMENT.docx AFIN8003 MID SEMESTER ASSIGNMENT (25%) TOPIC and RESOURCES Instructions: Write a 1500-word (+/- 10%) report in your own words, answering the Question below, along with the additional Bonus aspect (see below) using footnotes. You should use a few appropriate section headings. Include a (brief) Introduction and Conclusion. Only the references listed below are permitted; reference them briefly in brackets during the text of your analysis using simply the author/journal/date (eg Smith, Investor magazine, April 2020); provide a full list of references used, at the end of your paper. Footnotes must be numbered and displayed page-by-page as they occur (not in a single list at the end of your essay). Footnotes and bibliography are additional to the core 1500 word requirement. Your assignment must be typed and submitted in PDF online via iLearn, where it will be checked by Turnitin for similarity: plagiarism may result in penalty deductions or failure of the assessment. Allow time to format, check, PDF and upload your report before the deadline. The report is due no later than Friday 11 September 17:00 (Sydney time). Late submissions will score zero. Main Question: Corona crisis and banks (20 marks) How is the 2020 COVID crisis affecting banks and bank regulation in advanced industrial countries (including Australia)? References: https://www2.deloitte.com/us/en/insights/economy/covid-19/banking-and-capital-markets-impact- covid-19.html https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/fitch- downgrades-australia-s-4-biggest-banks-on-covid-19-impact-57936867 https://thewest.com.au/business/economy/global-financial-crisis-shake-up-of-banks-will-get-us- through-covid-19-says-reserve-bank-of-australia-ng-b881515175z https://www.smh.com.au/business/banking-and-finance/new-normal-life-for-australia-s-banks- after-the-pandemic-won-t-be-pleasant-20200505-p54px3.html https://www.abc.net.au/news/2020-03-31/are-australian-banks-safe-amid-the-shock-of- coronavirus/12101830 https://www.itnews.com.au/news/banks-sacrificed-cdr-efforts-to-prevent-covid-19-cyber-threats-547396 https://www.rba.gov.au/speeches/2020/sp-gov-2020-03-19.html https://uk.reuters.com/article/us-health-coronavirus-britain-regulation/bank-of-england-cancels- stress-test-of-banks-over-coronavirus-idUKKBN2170QI https://www.cnbc.com/2020/04/27/deutsche-bank-warns-on-coronavirus-impact-as-its-profit-falls- from-a-year-ago.html https://www.bankingsupervision.europa.eu/press/pr/date/2020/html/ssm.pr200312~43351ac3ac.en.html https://www.bankofcanada.ca/2020/05/bridge-recovery-banks-covid-19-pandemic-response/ https://www.brookings.edu/research/fed-response-to-covid19/ https://edition.cnn.com/2020/04/17/business/bank-earnings-defaults-recession/index.html https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200401a.htm https://www.reuters.com/article/us-health-coronavirus-banks-bis-idUSKCN21X1B6 https://voxeu.org/article/stress-tests-banks-liquidity-insurers-time-covid https://www.bis.org/publ/bisbull11.htm https://www.bis.org/fsi/fsibriefs2.htm https://www.bis.org/press/p200403.htm https://www.dw.com/en/coronavirus-shock-vs-global-financial-crisis-the-worse-economic- disaster/a-52802211 https://www.investmentweek.co.uk/opinion/4012753/coronavirus-crisis-1918-2008 https://www.morgans.com.au/Blog/2020/March/Equity-Strategy-Why-COVID-19-isnt-a-GFC Bonus points for making connections with lectures 1-6 (5 marks) 5 bonus marks are available – during the course of your answer to the Main Question - for insightfully identifying connections to concepts/measures/issues in AFIN8003 lectures weeks 1-6. Cite the location in lectures (eg .’week 4, slide 7’). Use footnotes ONLY to establish these connections between your assignment and concepts from AFIN8003 lectures. These footnotes are additional to the 1500-word essay length. Be sure to display footnotes at the foot of the essay page where they are referenced (not as a single list at the end of the report). TOTAL MARKS AVAILABLE: 25 DUE BY: 5pm (17:00 Sydney time) Friday 11 September 2020 Microsoft Word - marking guide Major Assignment.docx AFIN8003 BANKING AND FINANCIAL INTERMEDIATION Major Assignment: marking guide Criteria Very weak Weak Adequate Good Excellent Relevance Failure to understand the question, extensive irrelevance Failure to address important aspects of the question Adequate answer to the question, covers main aspects Thorough answer covering most aspects of the question Comprehensive and effective answer to the question Knowledge and understanding Major errors, little knowledge or reading Limited knowledge with serious errors or omissions Adequate knowledge and understanding, errors balanced by sound work Conceptually sound, wide- ranging knowledge and understanding Knowledge based on independent reading and high-level synthesis Critical, analytical and integrative thinking No evidence of critical or analytical abilities Little evidence of critical or analytical abilities Sound argument with evidence of analysis and reasoning, more description than analysis Flair and originality of thought, effective criticism of other arguments Penetrating analysis, persuasive and original criticism of others Evidence of the use of appropriate materials Very little evidence of having read relevant material Little use of evidence, limited reading, references of an inadequate standard Some use of evidence, fair amount of reading, over- reliance on one or two authorities Good use of evidence, wide reading, generally well digested Excellent use and evaluation of evidence Structure and presentation Many faults in logic and structure of report, ideas expressed incoherently Weak structure and argument, poor style and presentation Generally coherent structure, generally clear writing and acceptable style Well organised structure, clear writing and accurate English style Excellent structure, every paragraph counts, English style shows flair and eloquence
Answered Same DaySep 10, 2021AFIN8003

Answer To: Microsoft Word - instructions MID SEMESTER ASSIGNMENT.docx AFIN8003 MID SEMESTER ASSIGNMENT (25%)...

Sumit answered on Sep 10 2021
165 Votes
Introduction: The COVID-19 was declared a Global pandemic by the World Health Organization on the 11th March, 2020, since then the COVID-19 has impacted the financials of each and every person in the world, be it any Individual, Organization or any Banking Institution. At the start of the COVID-19 many people compared it to the financial crisis of 2008 and 2009 (25 years Investment Week, March 2020). The financial crisis of the 2008 was due to the fall of the housing market in The United States of America but the COVID-19 has not only affected the financials around the world, the virus has restricted movement and travelling around the world due to which the demand is at all time low. Hence the effects of the COVID-19 are more like the crisis in 1919 and might have a long-term effect and not a V shaped recovery. Decreased productivity and lockdowns have already started to take a toll on the financials of the corporate sector. Supply chain disruptions, manufacturing hindrances and crippled health systems need a hefty public fund/stimulus to continue operations smoothly. Income from tourism, entertainment sectors among many others has already crippled the economic situation. Factors like these are all adding up to strain the global economy which might also have its repercussions in the year ahead.
Body: The Banks are affected by the virus heavily due to the reduced demand in the market, the demand for new loans from the banks has reduced (Deloitte, March 2020). The major reason for this is the lockdown and the decreased productivity which has impacted the financials of the company. Due to COVID-19, the demand in several factors has been affected badly and many companies has either reduced the productivity or has stopped their operations and productivity all together. The major industries which has been affected is the Tourism and the Entertainment sector which has taken the major toll and the demand from these sectors has been reduced to zero. This has impacted the profitability of the banks, since the main source of profit for the banks is to earn money through interest earned on loans provided by the banks. The Central banks around the world has responded to this risk by reducing the interest rate in the countries so that the demand can be raised and the banks can issue more loans and earn interest from the loans.
The next major risk being faced by the company is high risk of default (Deloitte, March 2020) that the banks will face due to the COVID-19 outbreak. The default refers to the non-payment of installment amount due to the bank. Since the major portion of loans are taken by the corporates and the salaried class and both of which are facing tough times due to the COVID-19 in either loss of business or loss of job, the banks around the world are facing the risk that the borrowers will not be able to pay the installment...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here