How are global banks responding to the COVID-19 pandemic?

Download This Article

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstact

The COVID-19 pandemic has put pressure on financial systems and banks, which have had to review their management strategies and adapt them to the new global crisis. Banks’ responses to COVID-19 can be traced back to the introduction of a portfolio of corporate policies, such as: the creation of ad hoc teams for the prevention and control of the effects of the pandemic within the company; the adoption of measures to support the community in which the bank operates; the protection and support of its employees and clients. The goal of this research is to understand how bank governance is reacting to the COVID-19 era, to determine which were the most used measures to contain the crisis. The results of this analysis, in fact, can make it possible to define best practices for the corporate governance of banks in times of pandemic crisis and provide useful elements for reflection to the banking regulatory and supervisory authorities.

Keywords: Global Banks, Board of Directors, Corporate Governance, COVID-19 Pandemic

JEL Classification: G2, G34

Received: 18.10.2021
Accepted: 25.10.2021

How to cite: Agnese, P., & Capuano, P. (2021). How are global banks responding to the COVID-19 pandemic? In K. M. Hogan, & A. Kostyuk (Eds.), Corporate governance: Fundamental and challenging issues in scholarly research (pp. 29–34). https://doi.org/10.22495/cgfcisrp4