COVID-19: Continuing Impact on Risk Management for Financial Institutions

FTI Consulting

The financial services industry continues to be focused on responding to the diverse set of challenges presented by the economic and operational fallout from the pandemic. While the transition to work from home arrangements has gone relatively well, organizations are now challenged with assessing and balancing the risks of a phased return to the workplace coupled with longer-term remote working arrangements. In addition, the financial impacts are becoming more transparent with U.S. banking results dominated by increased provisions for credit losses and lower interest income resulting from a sustained decrease in interest rates, albeit offset by increased trading revenues for some.

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FTI Consulting

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