{"id":2356,"date":"2020-04-20T23:42:25","date_gmt":"2020-04-20T21:42:25","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=2356"},"modified":"2023-03-03T16:40:28","modified_gmt":"2023-03-03T15:40:28","slug":"reflections-on-regulatory-responses-to-the-covid-19-pandemic-restrictions-on-dividends-increased-transparency-and-the-integration-of-climate-related-risks-must-be-at-the-center-of-the-response","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2020\/04\/20\/reflections-on-regulatory-responses-to-the-covid-19-pandemic-restrictions-on-dividends-increased-transparency-and-the-integration-of-climate-related-risks-must-be-at-the-center-of-the-response\/","title":{"rendered":"Restrictions on dividends, increased transparency and the integration of climate-related risks must be at the center of the response"},"content":{"rendered":"

Looking at the regulatory responses to the Covid-19 pandemic, the Financial Stability Institute of the Basel Committee underlines the need to link the various regulatory relaxing provided to banks to restrictions on dividends and bonuses and an increased transparency. <\/b><\/p>\n

We note the relevance of these recommendations and continue to urge governments to ban dividends and bonus and closely monitor banking activity. However, we underline that key dimensions are missing from this analysis: small businesses and households should benefit from improved lending conditions and the integration of climate-related risks is essential to avoid further Covid-like disasters. <\/b><\/p>\n

In a Brief, The Financial Stability Institute analyses the regulatory responses to Covid-19 and their effects. Its assessment takes three dimensions into account, the response needs to: support the economy, preserve the health of the banking system and not harm the long-run credibility of the financial system. <\/span><\/p>\n

The assessment concludes that:<\/span><\/p>\n