How real wages will evolve depends on three factors. The first is fiscal policy. Targeted fiscal transfers can limit the loss in purchasing power of those suffering the most from the current crisis. Such transfers would also cushion the hit to aggregate demand, as they would operate where the marginal propensity to consume out of additional income is highest.
Banks are to ensure at all times that they are well capitalised and earning adequate profits to sustain their operations. Banking business is a business of managing risks, and it is important that commercial banks have robust frameworks to identify and mitigate the risks inherent in their operations. Market conduct and consumer protection have also come to the fore of banking in recent years.