Business
Prudential plc - HY20 Results - Risk Factors
Prudential plc - HY20 Results - Risk Factors.
About this update from Prudential Plc
[{"type":"text","content":"\n \n \n RNS Number : 7114V\n Prudential PLC\n 11 August 2020\n \n \n \n \n \n \n \n Risk Factors \n \n \n \n \n \n A number of risk factors may affect Prudential's business, financial condition, results of operations and/or prospects and, accordingly, the trading price of its shares. The risk factors mentioned below should not be regarded as a complete and comprehensive statement of all potential risks and uncertainties. The information given is as of the date of this document, and any forward-looking statements are made subject to the reservations specified under 'Forward-looking statements'.\n \n \n \n \n \n Prudential's approaches to managing risks are explained in the section of this document headed 'Group Chief Risk and Compliance Officer's Report on the risks facing our business and how these are managed'.\n \n \n \n \n \n 1. RISKS RELATING TO PRUDENTIAL'S FINANCIAL SITUATION\n \n \n \n \n \n 1.1 The Covid-19 pandemic has had a significant impact on financial market volatility and global economic activity, increased operational disruption risks to the Group and has adversely impacted Prudential's sales in affected markets and its financial condition, results of operations and prospects. The full extent of the longer-term impacts from the pandemic remains uncertain.\n \n \n \n \n \n The Covid-19 pandemic has significantly increased the volatility of equity markets, interest rates and credit spreads, reduced market liquidity and reduced global economic activity. The potential adverse impacts to the Group of these effects are detailed in the Financial Market and Economic Conditions risk factor detailed in section 1.2 below. However, the full extent of the impact of the pandemic on financial markets and economic growth is highly uncertain and unpredictable and will be influenced by the actions, including the duration and effectiveness of mitigating measures of governments, policymakers and the public. Where these impacts are prolonged, this may impact the solvency position of Prudential's subsidiaries and prevent or limit their ability to make remittances, adversely impacting the financial condition and prospects of the Group.\n \n \n \n \n \n The immediate regulatory and supervisory responses to the Covid-19 pandemic have been broad and have included increased scrut...