Leading banks in Western countries have already adopted practices to promptly recognize any deterioration in the value of loan assets within their credit risk management framework.
Lael Brainard: Introductory remarks for the Fed Listens panel on the COVID-19 pandemic Introductory remarks (via webcast) by Ms Lael Brainard, Member of the Board of Governors of the Federal Reserve System, at "A Fed Listens Event: How Is COVID-19 Affecting Your Community? ", sponsored by the Board of Governors of the Federal Reserve System, Washington DC, 21 May 2020.