ABSTRACT

Lessons Learnt from the COVID-19 Pandemic from a Financial Stability Perspective: Interim Report   [open pdf - 0B]

From the Executive Summary: "The COVID-19 [coronavirus disease 2019] pandemic is the first major test of the global financial system since the G20 [group of twenty] reforms were put in place following the financial crisis of 2008. While significantly different in nature from the 2008 crisis, this real-life test may hold important lessons for financial policy, including the functioning of the G20 reforms. Any analysis at this stage needs to bear in mind that the pandemic is not yet over and that its economic and financial impact has been greatly mitigated by bold policy actions. The objective of this report, which has been prepared in collaboration with standard-setting bodies (SSBs), is therefore to identify preliminary lessons for financial stability from the COVID-19 experience and aspects related to the functioning of the G20 financial regulatory reforms that may warrant further attention at the international level."

Publisher:
Date:
2021-07-13
Series:
Copyright:
2021 Financial Stability Board
Retrieved From:
Financial Stability Board: https://www.fsb.org/
Media Type:
application/pdf
URL:
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