How are banks managing Covid-19 operational risks?

When governments across the world ordered population lockdowns to stop the spread of the Covid-19 pandemic, banks had to quickly switch away from working in offices towards remote working - which has never been done before on such a big scale. This impacted almost the entire business from payments through to vast trading floors and all their support functions. This episode explores the operational risk implications of this sudden and widespread shift in working patterns. In particular, the discussion covers the challenges of remote working in terms of banks maintaining their compliance functions, dealing with cyber risks, the challenges of dealing with paperwork and interacting with supervisors under these conditions. And finally, some thoughts are shared on how bank business and operating models may evolve post-Covid-19.Discussing this topic is Kerry Peacock, Head of Operations EMEA and International Head of Operations for MUFG and Heather Adams, a Managing Director in Accenture’s Risk Practice. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Banking Risk and Regulation is the new dedicated resource from FT Specialist (as part of the Financial Times Group) for senior professionals and their teams working in global financial risk, compliance and regulation.The coverage includes exclusive insights to help risk, compliance and regulatory professionals, such as chief risk officers, chief compliance officers and regulatory affairs directors, to make better decisions on emerging risks and regulation. Hosted on Acast. See acast.com/privacy for more information.