Question 4 Not yet answered Marked out of 5.00 p Flag question (CL01) Since the beginning of the year, the COVID-19 epidemic has spread around the world. The resulting slowdown in economic activity around the world threatens to plunge several countries into recession and damage financial stability. To prevent new infections, the UAE government has mandated strict measures to avoid unnecessary contact with people who are already infected, especially vulnerable segments of the population, the sick and the elderly. This has caused the preventive closure of schools, universities, factories, and businesses, casting a veil over the world in a manner unprecedented in decades. Now, the central bank of the UAE has recruited you to work as a consultant to deal with this crisis. What are measures you should advise to mitigate the risk of COVID-19 on the financial sector, especially banks in the UAE? Paragraph BI SEP