Prudential

Basel framework was not fully tested by Covid-19 pandemic

By Justin Pugsley
BRR fallback image

“Covid-19 serves as a reminder of the importance of having a resilient banking system underpinned by global and prudent standards,” said Pablo Hernández de Cos, chair of the Basel Committee and governor at the Bank of Spain. “The Basel III standards implemented to date proved critical in ensuring banks remained ...

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