They should improve their governance and risk management practices, maintain proper books of accounts, submit correct information to banks and all authorities, and make their operations more efficient and productive to get easier access to finance from banks and other investors.
We focused on the main areas that will be covered in its assessment, namely financial institutions’ use of capital and liquidity buffers, the impact of pro-cyclicality on financial and prudential standards, and the functioning of operational resilience arrangements and crisis management frameworks under the strain of the pandemic.