“It’s the very first time that actually we are going to see this system stress-tested,” said Cyril Demaria, head of private markets at consultancy Wellershoff & Partners, speaking to sister title Private funds CFO about the mark-to-market framework put in place even before the great financial crisis of 2008.
Crash course: Mark to market’s crisis debut
The covid-19 pandemic represents the first real test of the framework in the private sector. Here’s why.
