How are commercial banks coping with Covid-19? Obliged to implement government-guaranteed lending quickly while also handling other crisis-related operational and commercial challenges, they have their work cut out. What has worked well and what has not, yet? How are the opposing needs of speed and prudence reconciled? How are banks preparing for impairments to their loan books? What does the crisis mean for their digital transformations? And is this the opportunity to restore the reputational damage of 10 years ago?  OMFIF Chief Executive Officer John Orchard discusses these themes with Jan Bellens, global sector leader, banking & capital markets at EY.

Read the transcript here.

Listen to part two: The OMFIF/EY Covid response series: stimulus transmission and its financial consequences