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 7th April 2020

United Kingdom

BOEThe Bank of England’s Term Funding Scheme with additional incentives for SMEs will open to drawings on 15 April 2020
LSEAfrican Development Bank Group $3 billion “Fight Covid-19” social bond
ICOWinner of the ICO’s Practitioner Award for Excellence in Data Protection 2020 announced

European Union

ECCoronavirus: Commission and European Investment Fund (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses
State aid: Commission approves €790 million Croatian guarantee scheme for companies with export activities affected by coronavirus outbreak
State aid: Commission approves £50 billion UK “umbrella” scheme to support the economy in the coronavirus outbreak
Coronavirus: Chinese aid to the EU delivered to Italy
ESMAESMA report stresses impact of costs on retail investor benefits
EUPARLThe economy and coronavirus - Weekly Picks 6/04/2020


BaFinBCBS erhöht aufsichtliche Flexibilität seiner Mitglieder bei erwarteten Kreditverlusten


BDINuovi interventi straordinari per l’emergenza COVID-19

United States of America

CFTCCFTC Issues COVID-19 Customer Advisory on Fee Scams
FDICFIL-35-2020 Modifications to the Community Bank Leverage Ratio Framework
FRBSmall Business Administration (SBA) and Treasury Small Business Loan Programs
Agencies announce changes to the community bank leverage ratio
OCCCommunity Bank Leverage Ratio
Agencies Announce Changes to the Community Bank Leverage Ratio


ACCCScammers targeting superannuation in COVID-19 crisis
Our priorities in the telecommunications sector during this crisis
OAICAssessing privacy risks in changed working environments: Privacy Impact Assessments

New Zealand

FMAFMA issues warning to Tiger Brokers and six firms for anti-money laundering breaches

South Korea

FSCSCurrent Situation in Financial Markets and Government's Policies

Note: Key Updates as of 8:00am Tuesday 7th April 2020