The outbreak of the novel coronavirus (COVID-19), which was declared a pandemic on Wednesday, March 11, 2020 by the World Health Organisation (WHO), poses a significant and unprecedented threat to the global economy. It is now evident that it will no longer be “business as usual” for the foreseeable future. Given the pivotal role of banks and other financial institutions in the macroeconomic stabilization of every economy the Caribbean Association of Banks recommends that the following be considered:
- Review of business continuity plans
The time for preparation and other planning is NOW. It is imperative that consideration be given to measures
To read more: http://www.smn-news.com/st-maarten-st-martin-news/34254-banking-and-the-financial-services-sector-in-the-wake-of-covid-19.html
