COVID-19: Impact on the banking industry

COVID-19 webinar

What does the coronavirus crisis mean for the banking industry?

The coronavirus (COVID-19) outbreak is causing widespread concern and economic hardship across the globe. The situation is changing quickly with widespread impacts on operations, finance and liquidity, and strategy. During our live webinar we will be discussing these expected effects in the banking industry and will show you how to take the first steps towards coping with the current situation. Various subject matter experts will present their in-depth knowledge and expertise.

The management attention of banks is now shifting. To help banks prepare for a potential financial storm, Dr. Philipp Wackerbeck from Strategy& Europe has conducted a COVID-19 stress simulation and created three possible economic scenarios based on different pandemic patterns. For most banks, the initial crisis response included activating business continuity plans whilst occasionally dealing with operational challenges. Patrick Akiki, PwC Switzerland has screened how to respond and recover resilient from this crisis, so that it can maintain its critical processes and products during a pandemic. As the further development of the pandemic is still uncertain at this time, COVID-19 will affect banks at various levels including those of finance and liquidity. Roman Berlinger, PwC Switzerland will therefore highlight the impact on loan loss provisioning for the expected credit losses.

 

 

Agenda

11.00 am

 

Introduction

Christian Schmitt, PwC Switzerland

 
 

Macroeconomic scenarios: initial assessment of the medium and long-term effects on the business models

Dr. Philipp Wackerbeck, Strategy& Europe

 
 

Operational resilience in times of crisis

Patrick Akiki, PwC Switzerland

 
 

Loan provisioning for credit losses

Roman Berlinger, PwC Switzerland

 
 

Q&A

Christian Schmitt, PwC Switzerland

 
12.00 noon Closing  

Speakers

Christian Schmitt
Partner, Global Wealth Management Leader, PwC Switzerland

Dr. Philipp Wackerbeck
Partner, Strategy& Europe

Patrick Akiki
Advisory Partner, PwC Switzerland

Roman Berlinger
Assurance Partner, PwC Switzerland

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Contact us

Patrick Akiki

Patrick Akiki

Partner, FS Management Consulting Lead, PwC Switzerland

Tel: +41 58 792 25 19

Dr. Philipp Wackerbeck

Dr. Philipp Wackerbeck

Partner, Strategy& Germany