Much has already been written about the unprecedented impact of COVID-19 on the global economy and the millions of businesses forced into stasis by lockdown. While these effects are still very much current and of course challenging, readiness for the next stage in what will undoubtedly be a long and uncertain period is crucial.

In this special  report we review the main challenges banks face and define a risk-based approach for addressing these, while realigning and setting up for longer term success through the lens of digital transformation.