Govs face dilemma on relief measures

By Phil Thornton
06 Aug 2020

Financial authorities face a tough call on how and when to exit from the exceptional regulatory relief measures they put in place to shelter borrowers from the worst impacts of the Covid-19 pandemic, according to the Bank for International Settlements (BIS).

Governments and banks across the world have put in place credit guarantees and payment deferral programmes to support lending to businesses and households, and the measures extend to how lenders recognise their capital.

In the UK, for example, the Prudential Regulation Authority has said that initial payment deferrals ...

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