Monday, August 17, 2020

Financial Responses to COVID-19

Here is a Report by Deloitte on how Malaysian Financial Institutions should respond to the crisis. A summary below, quoted from the Report:

  • Adjust the parameters to incorporate and consider the short term economic outlook.
  • Optimise the RWA and provision calculation process to be more effective.
  • Respond to customers earlier by leveraging on early warning signals.
  • Prepare a more robust business continuity plan with more recovery options, if similar crises were to occur in the future.
https://www2.deloitte.com/my/en/pages/risk/articles/covid-19-impact-my-financial-institutions.html

COVID-19: How companies are responding | World Economic ForumThe Impending Risks
Understanding the Economic Shock of CoronavirusSWOT
-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Musk, UK and EU's New Communication Regulations

According to this article,  Musk and Zuckerberg are promoting a version of free expression that defines censorship purely in terms of state ...

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...