Banks - Priorities in unprecedented times

Davy Research
/Read Important Disclosures

COVID-19 presents material uncertainties and challenges which, from a banking perspective, will take some time to become meaningfully apparent. Priorities have changed and continue to evolve for both banks and regulators. Banks are in strong capital positions and buffers are being released – assisting banks to support their customers. Globally, the payment of dividends and buybacks are now being reconsidered and suspended. This should be regarded as a pragmatic move while the picture becomes clearer. Regulators have acted quickly and decisively, but other initiatives should be considered to provide further support.