However, as everyone is aware, there are marked differences due to the spread of the virus, different types of public health interventions to stem the impact of the pandemic, varying access to vaccines, different economic policy responses, and the associated impact given different composition and economic structure of economies around the world.
With these realities in mind, supervisory practices at all of the banking agencies are changing. Oversight of banks has become much more continuous and risk-focused than even a few years ago, especially at the largest and most complex organizations.