Banking sector regulatory and supervisory response to deal with the impact of Coronavirus

Monday, May 18, 2020 at 14.00 – 15.30 Vienna time (CET)

Presenter
Rachid Awad, Luc Riedweg, Caio Ferreira (all IMF, Monetary and Capital Markets Departments)

This webinar provides IMF staff views on the appropriate regulatory and supervisory response to deal with the impact of Coronavirus pandemic that can maintain the balance between preserving financial stability, maintaining banking system soundness, and sustaining economic activity. Large scale disasters can suddenly impact economic activity for a large swathe of bank clients, which can eventually impair bank soundness and stability. Many supervisors have developed an approach to dealing with such shocks through guidance that is built around prudent renegotiation of loan terms. In cases where bank’s capital adequacy is impacted, supervisors should take targeted actions, including asking banks to submit a credible capital restoration plan and monitoring its execution. In certain cases, governments may also choose to step in. Throughout this process, transparent risk disclosure and supervisory expectations on dealing with the implications of the Covid-19 outbreak will be important for market discipline to work effectively.

The webinar will be moderated by Reiner Martin and Maria Arakelyan (both JVI)

Participants are encouraged to ask written questions to the presenters using the webinar’s chat forum.

The webinar will be held in English.

In the coming weeks and months, the JVI will organize further topical webinars in the field of financial stability, fiscal policy and macroeconomics.

We look forward to engaging with you!

Thomas Richardson, Director, JVI


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