BCG provides guidance for financial institutions
It is a pressing time for global financial institutions. BCG outlines the necessary steps for banks to ensure they support, survive, and strengthen.
While things continue to move very quickly, it is imperative for financial institutions to be proactive in how they are managing this crisis. In this article, BCG puts forth some critical guidelines for FI’s to follow to ensure they minimize the outbreak’s effects, both internally and for their clients. Short-term responses are on the top of everyone’s mind, but people should also be thinking about the medium and long term at this pivotal time.
From the article: “FIs must act now, and decisively, not only to weather the present COVID-19 crisis but also to strengthen their resilience and thrive in the post-crisis landscape.”
You can access the article here