Regulators, central banks and governments have taken unprecedented measures to support the economy during population lockdowns around the world to stamp out the spread of the Covid-19 pandemic.
Prudential regulators have also acted quickly to ensure banks help support the economy. This has involved measures ranging from payment holidays on some loans, to delayed reporting through to pushing back some regulatory implementation deadlines and even temporary relaxations of some capital requirements.
But are these measures temporary or do they signal a new trend where individual jurisdictions diverge from the bits of the Basel framework they don’t like?
In this series, Michael McKee, a partner at global law firm DLA Piper and David Strachan, the head of EMEA Centre for Regulatory Strategy at global consultancy Deloitte, have shared some insights as to how these trends might play out.
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