Coronavirus is not only a threat to people’s health – it is already shaking up the global economy. For that reason, many governments and central banks have already taken action. The institutions are starting to flood the markets with liquidity in order to stabilise businesses.
However, Professor Dr Sascha Steffen, Professor of Finance at Frankfurt School of Finance & Management, warns regulators not to roll back the introduction of capital rules after experiencing the 2008 crisis.
Read the whole Financial Times article here.