The lessons we are learning from the COVID-19 pandemic: an FSB perspective - D. Domanski, Secretary General FSB - July 2021

Keynote speech by FSB Secretary General, Dietrich Domanski, at the Asian Banker Finance China 2021 Conference.

Vaccines are rolling out across the globe, even though at different pace across countries and regions. And while there are mounting signs of global recovery, some risks to financial stability still remain elevated. Economic uncertainty is still high and negative surprises could test the liquidity of financial markets. Moreover, while borrowing served as an important lifeline during the pandemic, in some jurisdictions solvency risk remains an issue amid higher corporate debt levels. And, collectively, we face the challenge of managing the potential spillover effects from an uneven pace of recovery across regions.
While remaining vigilant to emerging vulnerabilities, the FSB is beginning to draw lessons from the pandemic for financial stability. I would like to share a few preliminary reflections on those lessons with you today. 

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