2020 has been a sharp reminder that unprecedented events can result in abrupt, yet long-term change and every industry must adapt to keep pace. The challenges facing banks are continuing to mount and financial institutions are being forced to deal with a deteriorating geopolitical environment, an explosion in cyber-crime and the expansion in regulatory oversight, as discussed in Sibos day three session ‘Risk management: The world of worries’.
Isolationism, trade conflict, military engagement, sanctions and protectionism have all returned to the global agenda. The impact is considerable – new and expanding sanctions and cyber risks, unknown and uncertain international terms of trade, alongside increased due diligence, transaction monitoring and reporting requirements.
When is all this going to be over?
Experts from Standard Chartered Bank, Federal Bank, AWS, Pay.UK and CLS discuss how organisations can plan for uncertainty and develop strategies to be ready when the worst happens. Razia Khan, chief economist for Africa and the Middle East, Standard Chartered Bank, kicks off proceedings with comments on the future strength of the economy,…
