Maintaining Banking System Safety Amid the COVID-19
This IMF blog post from the IMF considers one pathway for protecting the global banking system amid the pandemic. Pointing to the experience of the 2008 crisis and recovery, the authors recommend requiring transparent loss reporting, relying on capital and liquidity buffers to support continued lending, and encouraging loan modification.
Tobias Adrian and Aditya Narain, IMF Blog
March 31, 2020