Covid -19 The Pandemic And The Havoc On Indian Economy

The #COVID-19 pandemic is a global stressor that is putting environmental, operational, and commercial resilience to the test for all companies. In this context, the financial services industry must adjust to current constraints and market dynamics quickly and at scale.

To date, #businesses have logically prioritised urgent financial and operational steps such as protecting liquidity and cash flows, as well as ensuring that core business operations can continue.

#Financial regulators have taken measures to relieve the burden on firms’ finances by deferring high-impact practices such as stress tests, lowering capital reserves, and driving out the impasse. Wherever necessary, push back implementation dates and postpone non-critical supervisory reviews.

When companies come to terms with handling fragmented workforces, we expect to see a change in emphasis and a re-prioritization of organisational and behaviour risks.

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