Should the Banking Regs Be Easier?

Banks have been fortified by liquidity buffers, capital buffers and limits on balance sheets. Some jurisdictions already required their banks to match outflows in one currency with liquid assets in the same currency. And that's why we don't have a viral outbreak with a banking crisis. The technology exists for central banks to become market makers in the repo market and in the FX swap market. But I think you should be thinking about what is your CO-19 book of business? You know, as Barry mentioned, it's probably going to be a combination of government guarantees on this loans that you make.