LONDON (Reuters) – Easing bank rules is among the “bold and extraordinary” steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial stability after the epidemic has passed, central bankers said on Wednesday.
FILE PHOTO: The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann
Regulators are allowing banks to tap capital reserves and take a softer line on provisioning for bad loans to keep credit flowing to companies during national lockdowns and an inevitable recession.
They have also postponed a