Europe's already scarred banks face dilemma as crisis bites

摘要

While it was problems within the banking system that dragged the world into recession during the last global financial crisis, this time policymakers are hoping banks will play a central role in guiding the world through the turmoil caused by the coronavirus pandemic. The past few weeks have seen unprecedented steps to ease the pressure on lenders, including a moratorium on capital and liquidity rules - many introduced in response to the last crisis - and new programmes to provide banks with cheap financing.