The big central bankers called on Monday to “avoid regulatory fragmentation”. With the health crisis, support systems for banks are multiplying and the challenge now is that any new measures, or their gradual withdrawal, are always done in a concerted manner.
Be careful, rocky path. To cushion the effects of the health crisis, banking supervisors have granted banks a number of prudential flexibilities since the spring. But in a joint statement, they pointed out, Monday, the risk of growing regulatory differences between states.
Meeting – by teleconference – last week, the Council of Central Governors (“GHOS”) responsible for guiding the work of the Basel Committee (the body where banking standards are discussed) has thus done so. “Responsible for pursuing a coordinated approach […] in order to preserve a level playing field at global level and to avoid regulatory fragmentation ”.