Thanks to adequate government support, delinquency metrics remain strong, with plenty of loss reserves in bank coffers. The first half of 2021 is a critical time for regulators to position consumers and lenders for a successful recovery.

The effects of COVID-19 will extend deep into the current decade, as the world awaits a solution for the global health crisis, and an effective plan to help businesses and consumers get back to normal, or at least a new normal.