The disclosure requirements under Pillar III of Basel II are desirable for any public entity, more so in an organisation which is member driven and the customers in general are shareholders as well.
That said, with the impact of COVID-19 remaining, the recovery has been only moderate and economic activity has been at a low level. What is unique about the current shock is that the pace of economic improvement varies significantly, mainly depending on the industry or size of firms, as well as household attributes.