Following the 2007-9 global financial crisis - the Basel framework underwent significant revisions. It’s partly thanks to these changes that banks entered the Covid-19 pandemic induced crisis in a robust condition.  Nonetheless, it remains unclear how deep and prolonged the current downturn will be and how many bad loans banks will notch up in the process.  Therefore, could there be further revisions to the Basel framework? Particularly if the current crisis turns out to be particularly bad and badly damages the financial sector? Also, the world is far more divided than it was on the eve of the last financial crisis. How might this impact supervisory cooperation, deliberations within the Basel Committee and adherence to the Basel framework. And lastly, what impact might sustainable finance and climate change have on prudential frameworks?  Addressing these topics is Bill Coen, former secretary general of the Basel Committee on Banking Supervision and chair of the IFRS Advisory Council. He also sits on the board of directors of the Toronto Centre, a global non-profit organisation that provides leadership training in financial supervision. Also, sharing his views is Paul Sharma, a Managing Director at Alvarez & Marsal and was a Deputy Head of the Prudential Regulation Authority and a former member of the Basel Committee   See acast.com/privacy for privacy and opt-out information.