But we can affirm our commitment to support those who bear the heaviest burdens of the current crisis, and to help them carry the load, by ensuring the banking sector is strong and resilient enough to address the nation’s current economic needs. That system has shown resilience over the past two months.
Banking organizations have used their capital buffers to support a sharp increase in lending, especially through the standing credit lines of their customers. 8 Deposits have increased faster still, a sign of confidence in bank safety. 9 Central banks and supervisors have worked collaboratively through the Financial Stability Board and other fora to coordinate their response.