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Webinar: Bank Crisis Management programme in response to COVID-19

Jul 13, 2020 | MFW4A

This document is based on the presentation slides of a webinar organized by the MFW4A Secretariat and the London Institute of Banking and Finance (LIBF). The session was entitled "Bank Crisis Management programme in response to COVID-19" and held on July 2020. The International Monetary Fund (IMF) has stated in April 2020 that “The COVID-19 pandemic has caused an unprecedented human and health crisis. The measures necessary to contain the virus have triggered an economic downturn. (...) The latest Global Financial Stability Report shows that the financial system has already felt a dramatic impact, and a further intensification of the crisis could affect global financial stability”. In the banking industry specifically, as a result of the crisis, all banks are having to review their business continuity procedures and plans, find ways to make sense of confusing information and find ways of addressing the crisis with heightened board activity. All banks must prepare for the consequences of potential liquidity squeezes and the rise in non-performing loans, among others. Based on the LIBF’s online programme on Bank Crisis Management, during this webinar, the panelists: (a) shared experiences and observed best practices; (b) review key topics such as governance, risk management, operational resilience, compliance, asset quality, liquidity and capital, and; (c) discussed the importance of soft skills during crisis management.