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Banking Sector Regulatory and Supervisory Response to Deal with the Impact of Coronavirus

Speaker

Rachid Awad
Hee Kyong Chon (Senior Financial Sector Experts, Monetary and Capital Markets Department, IMF)

Target Audience

Government officials from central banks and banking supervisory agencies.

Course Description

This Roundtable provides IMF staff views on the appropriate regulatory and supervisory response to deal with the impact of Covid-19 pandemic while striking 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.

Registration

To register for this Roundtable, please complete the online form here by June 16, 2020.
(only official email addresses are accepted)

 

 

Details

Date:
June 17
Time:
10:00 am - 11:30 am
Course Number
STR20.02