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.
The COVID-19 crisis is an opportunity for businesses to step back and consider long-term investments.
Haresh Sapra says don’t put off new loan-loss standards; pair them with revised capital requirements.
Crises are when credibility becomes paramount, says Chicago Booth’s Haresh Sapra.
Banks shouldn’t get relief from a controversial standard meant to discipline risk taking.