That is after all what they  2  are there for. Of course, the dilemma is: how much? Here we have to weigh the need to cushion the current blow against the need to also be ready for future headwinds. What can the financial sector do? Focusing here on banking for a moment, I would say: do what you normally do.
Ensure credit keeps flowing to the real economy. Make use of the available headroom to do so. Make sure capitalization remains at prudent levels. And very important: keep a keen eye to risks and asset quality. Now this may sound like the basics of banking. But I recognize it is hard to stick to the basics in these increasingly challenging circumstances.