Covid-19 Insight for Banks - Key Impact for the Compliance Function
10 April 2020
Original content provided by BDO Luxembourg
All functions of the bank are affected by the current COVID-19 crisis. The compliance is no exception and even if it is probably not affected as much as risk management, the impact is important. It should not be overlooked and receive the necessary attention of the management. The compliance need to cope with an environment of weakening controls and increasing risks.