Banks have so far been allowed to breach LCR, capital minima and IFRS 9 provisioning guidance.
Seems to show all those new measures were quite useless to start with. https://twitter.com/cetier1/status/1252723464546459648

Some regulators go as far as saying that it's ok to allow breaches to "support the economy".
But weren't those rules supposed to "protect the economy from the banks"?
The whole regulatory logic of the past decade makes little sense.