There remains tremendous uncertainty surrounding the global COVID-19 pandemic as a health care crisis. There is also uncertainty about the economic collateral damage being caused by the pandemic—primarily around the slope of the economic recovery curve (will the curve be “V-,” “U-,” or “L-shaped?”). Whatever recovery trajectory different affected economies ultimately travel along, the following […]
International Committee on Credit Reporting Issues COVID-19 Reporting Guidance
Earlier today, the International Committee on Credit Reporting (ICCR) issued guidance for policymakers on credit reporting and COVID-19. The guidance was a response to requests from central bankers around the world on options for balancing two policy objectives: (1) protecting borrowers from undue harm to their creditworthiness as a consequence of the COVID-19 global pandemic; […]