I use the word ‘possible’ because it may be ambitious or premature to talk about a post-COVID world at this stage, notwithstanding some encouraging recent successes in vaccine trials. 2.
Important regulatory measures have been implemented or are currently being finalised. A case in point is Basel III, which has already increased the quantity and quality of capital being carried on banks' balance sheets. In Germany, the average tier 1 capital ratio was languishing at just 9.1% at the beginning of 2008.