Suggestions on the implementation of Basel III under the COVID-19

Affected by the sudden outbreak of COVID-19 in early 2020, the global economic recession and financial fluctuations have had a huge impact on the asset quality and daily operations of banks, and also challenged the banks to support the recovery of the real economy. In order to maintain the stability of the global banking industry and the recovery of the economy, the Basel Committee delayed the implementation of Basel III standards for one year at the end of March 2020, and further strengthened the supervision of the global banking industry. This paper attempts to show that the implementation of Basel III under the COVID-19, and then put forward suggestions for the next step of implementation.