In an episode of the Global Regulatory Update podcast series, we explore whether operational resiliency plans are up to par for a crisis of this scale.
While the 2008 financial crisis has prepared banks for large-scale disruptions, the pandemic is challenging banks’ operational resilience and business-continuity plans in unprecedented ways. They are responding to immediate challenges while also urgently reviewing plans to address gaps and reassess approaches to their operating models to ensure they are fit for the future of banking. There is trust that a well-capitalized and well-regulated banking system will play its role in restoring the real economy.
During a recent podcast with the Institute of International Finance, Martin Boer, Director of Regulatory Affairs, interviewed EY Global Banking & Capital Markets Sector Leader, Jan Bellens, on how firms’ operational resilience plans are holding up in a crisis of this scale, how regulators are responding to safeguard the industry, and the challenges and opportunities to expect as both firms and regulators plan for a post-crisis future.