This note provides a set of high-levelrecommendations that can guide national regulatory andsupervisory responses to the COVID-19 (coronavirus) pandemicand offers an overview of measures taken acrossjurisdictions to date. The banking sector plays a criticalrole in mitigating the unprecedented macroeconomic andfinancial shock caused by the pandemic. Timely, targeted andwell-designed regulatory and supervisory actions areessential to maintain the provision of critical financialservices, particularly to households and firms that areaffected most, while mitigating financial risks, maintainingbalance sheet transparency, and preserving longer-termfinancial policy credibility. In this context, authoritiesshould employ the embedded flexibility of regulatory,supervisory, and accounting frameworks, and encouragejudicious loan restructuring while continuing to upholdminimum prudential standards. Standard-setting bodies haveissued guidance to support national authorities in theirefforts to provide effective, sound, and well-coordinatedpolicy measures.