Lessons from Covid-19 on Basel reforms and next steps
11 May 2022 · Pablo Hernández de Cos , Chair of the Basel Committee on Banking Supervision (International)
Summary written by Dark Majestic in its own words · topics: financial stability , banking regulation and supervision , trade, fragmentation and geopolitics
PH 11 May 2022 · Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision Wiki Lessons from Covid-19 on Basel reforms and next steps Context Keynote speech by Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, at the BCBS-CGFS research conference, 11 May 2022.
Why it matters The Basel chair reviews how global bank rules held up during Covid.
Problems raised The pandemic stressed banks. Temporary measures risk fragmentation. Full impact is not yet known. Solutions proposed Coordinate supervisory responses. Unwind temporary measures on time. Implement Basel III. Read full speech on bis.org ↗ More from Pablo Hernández de Cos · Basel Committee on Banking Supervision · all speeches
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