Recession

Overcoming the challenges ahead

Will address Senate Committee on Banking, Housing and Urban Affairs

$500bn in 'worst-case scenario'

Managing portfolios at a time of crisis

While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.

Key trends to focus on

Three steps for markets to bounce back

Up to 20% drop in global activity 'plausible'

Up to 51% of dividends could be cut

Following calls from regulators to cut payouts