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In the wake of the 2008 financial crisis, there was a big emphasis on stress testing major banks to determine if they have the reserves and processes to withstand such an event again. The 2020 pandemic had much the same outcome but applied to and affected every industry. And unlike the predictable pre-planned exercises of the post-2008 stress tests, this was an unpredictable live-fire test. Businesses found all their systems and processes tested to the … More
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