THE COVID-19 PANDEMIC AND ADMINISTRATIVE PRACTICES IN THE BANKING SECTORS: AN INTERNATIONAL PERSPECTIVE

The COVID 19 crisis came to cast a shadow on all business sectors, including the banking sectors that play a sensitive role in any economy, therefore these institutions are trying to prepare new plans and work regulations to contain the risks of this epidemic and avoid the risk of failure and bankruptcy. Using an inductive approach to the reality of the global banking industry, this paper sought to review the current practices of these institutions and discuss new work prospects in light of the continuing outbreak of the epidemic according to three main dimensions: protection of staff, Business continuity, and supporting the most affected private sector. The study concluded by stressing the ability of the financial institutions and their solidity to absorb the effects of the crisis and the integrity of the procedures followed to ensure the continuity of work during quarantine and the protection of employees and contribute to supporting the sectors most affected. The study presented several proposals, the most important of which is the addition of the epidemic risks within the systemic risks affecting the entire banking sector.