COVID-19: FINANCIAL IMPACTS AND BOARDROOM PERSPECTIVES ON DEMAND

Speakers: Edwin Anderson, Partner, Risk & Public Policy, Oliver Wyman; Kevin Blakely, Senior Advisor, Oliver Wyman; Ken Phelan, Senior Advisor, Oliver Wyman; Eric Czervionke, Partner, Financial Services and Corporate Institutional Banking, Oliver Wyman; Douglas Elliott, Partner, Risk and Public Policy, Oliver Wyman; Jai Sooklal Partner, Head of Americas Treasury Practice, Oliver Wyman

Hosted by Oliver Wyman, this webinar focused on issues Board members are facing as the U.S. banking industry faces the financial consequences of the COVID-19 pandemic. The discussion centered on issues faced by Board members, as well as highlighted watchpoints for the second quarter and beyond. Topics covered include:

• The Public Sector Response and Opportunities: What has been the U.S. government response so far? How have programs impacted banks? What are the associated risks and opportunities associated with Main Street Lending and other government programs?
  
• The Financial Impact Thus Far: How has the pandemic impacted bank earnings and capital adequacy in Q1? How has performance varied by bank category and business? How has CECL implementation affected the interpretation of results? Where are the bright spots and where were the weak points? 
  
• The Road Ahead – Preparing the Cockpit:  How are earnings like to evolve in Q2 on beyond? What information will be critical to monitor and manage bank financial performance as the crisis evolves? What capabilities are required to re-forecast capital and funding plans and conduct scenario analyses? How do I trust and interpret the results?