The objective of this session is to discuss whether differences in policy responses to Covid-19 have fragmentary effects or give rise to cross-border and cross- sectoral spillovers that may warrant enhanced international coordination.
The progress made in the four areas identified by the Financial Stability Board – i) deference; (ii) pre-positioning of capital and liquidity within global systemically important bank; (iii) regulatory and supervisory coordination and information-sharing; and (iv) market fragmentation – will also be assessed as well as the best approaches and measures that would appropriately address such global financial fragmentation.
Points of discussion
- Is global financial fragmentation increasing again following the Covid crisis?
- How best to address global financial fragmentation? What measures could enhance international cooperation among authorities?