Some longerterm visitors, such as those on student visas, are assumed to begin arriving early next year, subject to appropriate quarantine restrictions. But tourists and other short-term visitors will not be able to return until later. In the baseline and upside scenarios, we assume that the borders reopen in mid 2021.
First, I would mention that we should pursue a clear and transparent standard that aligns our supervisory portfolios, and by extension the intensity of our supervision, with categories 3/4  BIS central bankers' speeches  established in our recent regulatory tailoring rules. Last fall, we completed a cornerstone of the recent banking legislation to tailor our rules for large banks.