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Facing the COVID-19 pandemic, the financial sector needs to meet three challenges: supporting the economy, sustaining itself, and preparing for the recovery. The official sector has strived to assist the private sector’s efforts to meet these challenges.
National authorities have taken agile actions: there are already 1,600 policy actions registered in the FSB database. Standard-setting bodies issued a series of guidance to extend the implementation timelines and to encourage the use of flexibility.
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