Why current accounting rules could stop banks from lending
Chicago Booth’s Haresh Sapra says that at a time when lending is crucial to keeping companies afloat, we should be careful not to repeat our past mistakes.
How the crisis could prompt innovation
The COVID-19 crisis is an opportunity for businesses to step back and consider long-term investments.
The crisis should not delay stricter accounting rules
Haresh Sapra says don’t put off new loan-loss standards; pair them with revised capital requirements.
How politicians and companies can regain trust
Crises are when credibility becomes paramount, says Chicago Booth’s Haresh Sapra.
Policy makers’ COVID-19 accounting gift to banks
Banks shouldn’t get relief from a controversial standard meant to discipline risk taking.