Still, it is useful to know whether our estimates are consistent with what has been found by others. Two studies released within the last few weeks essentially bracketed the supervisory estimate. The International Monetary Fund estimated lifetime losses that would imply a loan loss rate for U.S. banking firms of about 8 percent in a stressed scenario.
The aim is to further actively provide support to financial institutions to make loans, mainly to small and medium-sized firms, in response to COVID-19 at their own risk.