The following includes information from RMA’s Coronavirus Blog, which provides market intelligence on how financial institutions are managing coronavirus risks in various ways.

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Context – Every portfolio is different, so each bank will need to develop its own response.

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During RMA’s Risk Readiness Special Coverage webinar, April Falcon Doss, Chair, Cybersecurity and Privacy at Saul Ewing Arnstein & Lehr, shared the ways in which the COVID-19 crisis is expanding cybersecurity and data privacy risks for the financial services industry.

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The U.S. Treasury Department has launched a new website providing information and guidance on the loan programs available to small businesses under the CARES Act.

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The CARES Act provides $349 billion for the Paycheck Protection Program, a new program to be administered by the Small Business Administration.

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