Coronavirus—Strategic Considerations for Financial Institutions and Their Boards

This White Paper discusses financial institution regulators' responses and requirements with respect to the novel coronavirus (COVID-19) pandemic, together with the planning and actions that financial institutions should consider.

We address the responsibilities of financial institution boards of directors and management to conduct business impact analysis and business continuity planning, and to maintain business resilience and recover from the effects of the pandemic.  These include discussions of: employee protection, customers and counterparties, liquidity and capital actions, investors, and regulatory actions and relief.

The regulatory requirements build upon experience gained during the credit crisis, and the goals of the Dodd-Frank Act and the financial institution regulators, to ensure critical financial services during and following a pandemic or similar event of uncertain but potentially long duration.

Read the full White Paper.

Insights by Jones Day should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request permission to reprint or reuse any of our Insights, please use our “Contact Us” form, which can be found on our website at This Insight is not intended to create, and neither publication nor receipt of it constitutes, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.