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
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