Banks demand capital support as credit risks surge

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Banks demand capital support as credit risks surge

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Coronavirus - Covid19, the President of the French Republic has ordered the closure of many public places and businesses for an unlimited period of time. The city centre of Strasbourg is almost empty except for a few places where people have gone out. March 15, 2020, in Strasbourg Northeastern France. Photo by Nicolas Roses/ABACAPRESS.COM | Roses Nicolas/ABACA/ABACA/PA Images

International banks are at risk of depleting their capital reserves as they try to keep credit flowing to companies through the coronavirus crisis. Governments and regulators have already responded, but the sector is screaming out for more work to be done to ease the burden of complying with stringent accounting and supervisory rules, reports Tyler Davies.

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