By Carolyn Rogers
We are starting to see light at the end of the Covid-19 tunnel. With all this optimism, what could possibly go wrong for the global banking system? Consider the following three questions. First, as we begin to exit this extraordinary period of uncertainty, are banks adequately managing the risks, or has an inflated sense of optimism taken hold? Worse yet, has complacency set in? Second, what has the past year taught us about the value of international cooperation? Third, the response to the Great Financial Crisis was still in progress when this one hit. Do we have a decade to address the risks that have emerged this time around? Or do we need to move more quickly to address the risks facing the banking sector in the years ahead?