How Should Financial Institutions Navigate the COVID-19 Crisis?
There are of course many unknowns surrounding the COVID-19 crisis, the first of which is the ultimate impact on human health across the world. At this juncture, it’s still impossible to say how far and wide the epidemic will spread before it runs its course and begins to abate. Yet there are at least two certainties amid all the questions: the crisis has prompted companies in virtually all industries to seek an optimal way to navigate their way through — both until and after light appears at the end of the tunnel — and has thrown global financial markets into a state of high volatility. Financial institutions, in particular, need a strategy to help maximize their level of resiliency and prepare for any macroeconomic and financial scenario.