Contemplations from Nordic heavy hitters – Truls Tollefsen

<strong>What have been the biggest surprises over the past year?

“Unquestionably, Covid-19 and the following lockdown of the economy and meltdown in financial markets took us by surprise. This wasn’t in any way a scenario that experts hadn’t warned about but still, in many ways a scenario representing something new. This year, both our operational and financial risk management have been put to the ultimate test and it’s with satisfaction we find that our continuity plans in both areas worked as intended. Still, the situation in March this year was different from previous financial crises and there are lessons to be learnt. With liabilities in Norwegian kroner, this time currency