The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. This daily regulatory intelligence bulletin, powered by RegHub and Corlytics, aims to provide a summary of regulatory developments relating to COVID-19. More information on how COVID-19 might impact your firm is available here.

Tuesday 31st March

United Kingdom

ICOCommunity groups and COVID-19
PRAStatement on VAR back-testing exceptions temporary approach
Statement on exposure value for internal models method counterparty credit risk
UK FinanceScam alert: criminals using COVID-19 smishing text messages to target consumers
Letter: UK banking and finance industry is committed to supporting its customers


European Union

ESMAESMA extends deadline for stakeholder group applications
EUPARLThe economy and coronavirus - Weekly Picks - 30/03/2020
Regular Update on EUEA level to mitigate the economic and social effects of coronavirus - 30/03/2020
Outcome of European Council video-conference of 26 March 2020


Germany

BaFinBaFin bekräftigt ihre Erwartung an Institute, auf Dividendenzahlungen zu verzichten
BCBS verlegt Umsetzung der Basel-III-Standards um ein Jahr
EIOPA stellt wichtige Zinsinformationen nun wöchentlich bereit
ESMA belässt Geltungsbeginn für Transparenzberechnungen für Eigenkapitalinstrumente auf dem 1. April 2020


France

ACPRL’ACPR appelle les établissements de crédit sous sa supervision directe et les sociétés de financement à s’abstenir de distribuer un dividende
AMFContinuité de l’information périodique dans le contexte d’épidémie de Coronavirus
Covid 19 : précisions sur les implications comptables sur le calcul des pertes de crédit attendues
BDFLa BCE demande aux banques de ne pas verser de dividendes au moins jusqu’en octobre 2020
ECB asks banks not to pay dividends until at least October 2020


International / Global

BISBold steps to pump coronavirus rescue funds down the last mile


Note: Key Updates as of 8:00am Tuesday 31st March 2020