Basel III helped absorb impact of Covid-19, says BCBS
Early study of pandemic finds better-capitalised banks lent more to households and businesses
The Basel III framework helped cushion the blow from Covid-19, with better-capitalised banks doing more to support the economic recovery, a study by the Basel Committee on Banking Supervision finds.
The analysis of “early lessons” from the pandemic said most banks came through the crisis strongly. “Banks have generally managed to absorb temporary increases in the costs of liquidity and higher credit risk while substantially maintaining their services to customers,” the report says.
The BCBS
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