The spreading of the Covid-19 virus causes a reduction in economic activity worldwide and may lead to new risks to financial stability. The authors draw attention to the urgency of the targeted mitigation strategies on the European level and suggest taking coordinated action on the fiscal side...

Under the New Basel Accord bank capital adequacy rules (Pillar 1) are substantially revised but the introduction of two new quot;Pillarsquot; is, perhaps, of even greater significance. This paper focuses on Pillar 2 which expands the range of instruments available to the regulator when...

The spreading of the Covid-19 virus causes a reduction in economic activity worldwide and may lead to new risks to financial stability. The authors draw attention to the urgency of the targeted mitigation strategies on the European level and suggest taking coordinated action on the fiscal side...