Financial institutions around the world were expecting banking standard setters' recent move to delay a mammoth set of new rules, given the impact of the Covid-19 crisis. But the revised date might not be the only change in store, as capital hikes look increasingly difficult for lenders bridging this new downturn.
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.