It is requiring a lot of preparation at many levels including: •  selecting highly skilled staff – many experts are already coming from national supervisory bodies;  •  drawing up the final list of systemically important banks that will be directly supervised;  •  harmonising reporting requirements; working out procedures that will govern the SSM’s relationship with national supervisors; and  •  preparing to review the quality of banks' assets, including legacy assets.
There were also gendered dynamics to the impact of the pandemic,  such that female lecturers or students were disproportionately saddled with responsibilities for childcare, care of relatives, and housework, with schools closed and labour markets disrupted, while at the same time having to keep up with online teaching and learning. 16.