This article is an extract from The Banking Regulation Review – Edition 12. Click here for the full guide.
This chapter summarises the most important international developments in the field of banking regulation adopted by the principal global standard setting bodies.
Until the coronavirus pandemic, most attention had been devoted to the reform of banking regulation as a result of the 2007 to 2009 banking crisis. It is too early to ascertain how the global pandemic will end, despite the roll-out of vaccines in many countries, and its implications for the international banking system remain a work in progress. Undoubtedly, banks face both immediate and longer-term challenges as a result of the effects on global and domestic economies. Lockdowns implemented periodically by most developed and many other countries have adversely affected economic activity, despite the generous availability of governmental support in many…