Emerging prudential lessons from the Covid stress - speech by Victoria Saporta

Given at a Bank of England webinar
Published on 21 July 2021

Vicky Saporta reflects on the way in which the prudential rules we put in place after the 2008 financial crisis worked during the Covid pandemic.  

She looks back at the main concerns at the start of the pandemic, and outlines how regulatory buffers behave to absorb the effects of economic stress.

Effective regulators look ahead to the next crisis. The Covid stress has given us a chance to investigate how buffers work in a real stress.

Emerging prudential lessons from the Covid stress

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