With the first quarter of 2020 coming to a close, there is a growing and almost universal sentiment that we would all like a redo on the year. As they say, hindsight is 20-20 (no pun intended) but it would have been nice to have had better foresight into how best to deal with the operational issues and risks that firms are facing right now.
Many, if not all, financial institutions (FIs) have enacted a variety of measures to minimize the spread of the COVID-19 virus and the Canadian FIs are all working diligently and in concert with other global banks to formulate and implement strategies to mitigate the spread of COVID-19, while still maintaining sales and trading activity and all associated operational procedures.
So what exactly are firms doing?
What is your firm doing or planning? Send us your comments and challenges so we can continually enhance our program activities to meet the needs of the RegTech community.
Author: Loren Schwartz, Strategic Advisor to the Canadian RegTech Association