Banking Sector Report June 2020 – Risk & Compliance

The UK Banking and Financial Services sector is facing a year like none other as the twin events of both Brexit and COVID-19 take effect. The sector has already had to adjust to the possibility of a no-deal trade agreement between the UK and EU, and yet now finds itself in another challenging position that will test its resolve over the coming
months. COVID-19 has created an unprecedented situation across the world, and Governments are having to respond to threats of recession
(and in some cases depression) in various ways.