Banks lending firepower in pandemic may need reinforcing – BIS
Banks might not have enough
capital to keep credit flowing if the COVID-19 pandemic leads to
an economic downturn on the same scale as the global financial
crisis a decade ago, research from the Bank for International
Settlements (BIS) said on Tuesday.
capital to keep credit flowing if the COVID-19 pandemic leads to
an economic downturn on the same scale as the global financial
crisis a decade ago, research from the Bank for International
Settlements (BIS) said on Tuesday.
Posted by Reuters
