COVID-19 and Basel III: Market in Wait-and-See Mode
By Thomas Helm
February 17, 2021, Practice Insight from IFLR
Basel III is widely seen as one of the main reasons why the on-going Covid-19 pandemic is yet to trigger a financial crisis.
However, these are still early days. Many market participants believe the worst is still to come, especially as non-performing loans, hitherto hidden behind moratoriums, finally start to hit the banking book.
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