The article discusses how Covid-19 has affected risk management in 2020. It looks at the impact on credit risk, liquidity risk, interest rate risk, market risk, and operational risk. The researchers suggest segmenting bank portfolios with new data, using new scenarios for stress-tests, and digitalizing underwriting processes. They also emphasize the importance of dynamic modeling and contingency plans for managing risks effectively. Additionally, the article highlights the need to pay attention to all sources of liquidity risk and the rising cyber threats in the era of remote working.