Policy Note

COVID-19 : The Regulatory and Supervisory Implications for the Banking Sector

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collection.link.214
https://openknowledge.worldbank.org/handle/10986/11872
collection.name.214
Policy Notes
dc.contributor.author
International Monetary Fund
dc.contributor.author
World Bank
dc.date.accessioned
2020-05-21T18:45:56Z
dc.date.available
2020-05-21T18:45:56Z
dc.date.issued
2020-05-21
dc.date.lastModified
2020-05-22T05:11:10Z
dc.description.abstract
This note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 (coronavirus) pandemic and offers an overview of measures taken across jurisdictions to date. The banking sector plays a critical role in mitigating the unprecedented macroeconomic and financial shock caused by the pandemic. Timely, targeted and well-designed regulatory and supervisory actions are essential to maintain the provision of critical financial services, particularly to households and firms that are affected most, while mitigating financial risks, maintaining balance sheet transparency, and preserving longer-term financial policy credibility. In this context, authorities should employ the embedded flexibility of regulatory, supervisory, and accounting frameworks, and encourage judicious loan restructuring while continuing to uphold minimum prudential standards. Standard-setting bodies have issued guidance to support national authorities in their efforts to provide effective, sound, and well-coordinated policy measures.
en
dc.identifier
http://documents.worldbank.org/curated/en/446571590080100775/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector
dc.identifier.uri
http://hdl.handle.net/10986/33793
dc.language
English
dc.publisher
International Monetary Fund and the World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
BANKING SECTOR
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.subject
PANDEMIC RESPONSE
dc.subject
FINANCIAL SHOCK
dc.subject
FINANCIAL REGULATION
dc.subject
FINANCIAL SERVICES
dc.subject
LOAN RESTRUCTURING
dc.subject
GLOBAL RECESSION
dc.subject
STANDARD-SETTING BODIES
dc.title
COVID-19
en
dc.title.subtitle
The Regulatory and Supervisory Implications for the Banking Sector
en
dc.type
Policy Note
en
okr.date.disclosure
2020-05-21
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Policy Note
okr.docurl
http://documents.worldbank.org/curated/en/446571590080100775/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0879686a9_1_0
okr.identifier.internaldocumentum
32057294
okr.identifier.report
147824
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/446571590080100775/pdf/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector.pdf
en
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.topic
Finance and Financial Sector Development :: Financial Crisis Management & Restructuring
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.unit
EFI-FCI-Finance-GD (EFNDR)

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