Bank balance sheets could be obscured, says Coen

Jasper Cox

January 14, 2021 08:30 PM

WilliamCoen_PA_575x375_14January2021 — Portrait of Secretary General of the Basel Committee on Banking Supervision William Coen during IFSB(Islamic Financial Services Board) Annual Meetings 2017 on April 05 2017 in Kuala Lumpur, Malaysia. The event will be held until April 06 2017. The IFSB Annual Meetings 2017 is jointly hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. (Photo by Chris Jung/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/NurPhoto/PA Images

The impact of coronavirus on economies has led to extraordinary help being granted to banks and their customers. But this brings the risk of problems on banks' balance sheets being hidden, according to William Coen, former secretary general of the Basel Committee on Banking Supervision.

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Jasper Cox