Moving Forward With SDGs: Metrics for Action
What metrics are needed to accelerate sustainable development opportunities?
The global banking sector is clawing its way back to normalcy. Rebounding economies, vaccinations, and state measures are likely to help banks bounce back much more quickly than was conceivable in the dark days of 2020. For 11 of the top 20 banking jurisdictions, S&P Global Ratings estimates a return to pre-COVID-19 levels of financial strength won't occur until 2023 or beyond. For the other nine, recovery may occur by year-end 2022.
This large commercial bank in EM provides correspondent banking services within the region and around the world. The organization’s FI RMs work closely with the CPM and group credit teams to identify potential business opportunities, thoroughly vet candidates, and ultimately give the go-ahead to proceed with lending arrangements. Given market volatility and the volume of activity, the teams needed access to more comprehensive data and an automated approach to support their counterparty assessments and protect the bank from risks.
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