The challenges facing the banking and financial sectors

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The challenges facing the banking and financial...
 © CyprusMail 2020
By Andreas Charalambous and Omiros Pissarides

The well-known economist Rüdiger Dornbusch argued that a crisis takes a long time to materialise but it then happens faster than expected. This statement fits the events that we have been experiencing in recent years in the banking and the broader financial sector, which is being tested through a combination of adverse factors, including the recent coronavirus induced crisis.

In this context, it is worth examining the role served by the banks and the challenges they face.

The main functions performed by banks include facilitating payments,...


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This article was automatically added to our system 25-10-2020

The challenges facing the banking and financial sectors


The contents of this article including any associated images are © CyprusMail 2020
Views & opinions expressed in this article are those of the author and/or CyprusMail .

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Article Tags: challenges, facing, banking, financial, sectors,