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Are virtual exams here to stay?

Photo: Adobe Stock Images

Regulatory exams around the world were forced online by the Covid-19 pandemic. So what are the pros and cons of virtual supervision for regulators and the firms they oversee?

When COVID-19 first struck and governments around the world started imposing lockdowns, many financial institutions were faced with a major challenge: how to manage their regulated activities in a remote environment.

Not only did they have to figure out how to maintain supervision while their employees were working from home,