The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. We have developed a daily regulatory intelligence bulletin, powered by RegHub and Corlytics, which 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.


Friday 17th April 2020

United Kingdom

BOEMonetary policy during pandemics: inflation before, during and after Covid-19 - speech by Silvana Tenreyro
HMTChancellor expands loan scheme for large businesses
A letter from Rishi Sunak to Sir David Norgrove on the Retail Prices Index consultation


European Union

ECCoronavirus: Guidance to ensure full data protection standards of apps fighting the pandemic
State aid: Commission approves €35.5 million Latvian direct grant scheme to support agriculture, fishery, food and school catering sectors in coronavirus outbreak
Coronavirus: An EU approach for efficient contact tracing apps to support gradual lifting of confinement measures
Speech by President von der Leyen at the European Parliament Plenary on the EU coordinated action to combat the coronavirus pandemic and its consequences
Coronavirus: Commission presents guidance on implementing EU rules on asylum and return procedures and on resettlement
ECBChristine Lagarde: IMFC Statement
ECB Banking Supervision provides temporary relief for capital requirements for market risk
Isabel Schnabel: The ECB’s response to the COVID-19 pandemic


Germany

BaFin„Banken sind diesmal Teil der Lösung“
Nicht nur zur Corona-Zeit: „Wir sind präventiv unterwegs“
Gewinn gegen Sicherheit?
„Es kommt jetzt auf die Banken an“
Gestresst


France

AMFCovid-19 : l'AMF informe les actionnaires et les sociétés cotées des mesures exceptionnelles prises pour l'organisation des assemblées générales.Mise à jour du communiqué du 25 mars 2020
BDFComité de crise sur les délais de paiement : face à des incidents de paiement en forte hausse, les comportements solidaires sont indispensables


Netherlands

LAFMAFM publishes its 2019 annual report
AFM publiceert jaarverslag 2019


United States of America

CFPBConsumer Financial Protection Bureau Issues Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act
DOTU.S. Treasury Secretary Steven T. Mnuchin’s Joint IMFC and Development Committee Statement
FDICFIL-46-2020 Banker Webinar: Revised Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus
NYDFSDFS Announces Temporary Regulatory Relief For New York-Chartered Financial Institutions During Covid-19 Pandemic
OFACPublication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19


Canada

IIROCIIROC extends implementation of its Plain Language Rulebook
OSFICOVID-19 Measures – FAQs for Federally Regulated Deposit-Taking Institutions
COVID-19 Measures – FAQs on regulatory reporting for Federally Regulated Financial Institutions


China

PBCGovernor Yi Gang Attended the Forty-first Meeting of the International Monetary and Financial Committee


Hong Kong

HKMASpecial 100% Loan Guarantee to Receive Applications


India

SEBIRelaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers
Relaxation in timelines for compliance with regulatory requirements by trading members / clearing members


Japan

FSAFSA updated Information on COVID-19 (Novel Coronavirus)
FSA publishes Weekly Review No.388


Philippines 

BSPConsumer Confidence Remains Optimistic for Q1 2020
SECPSEC ISSUES ADVISORIES AGAINST INVESTMENT SCHEMES DISGUISED AS RESELLER BUSINESSES


Singapore

MASNew Measures to Help REITs Navigate Operating Challenges Posed by COVID-19


South Korea

FSCFSC Approves Revised Rules on Misconduct in Financial Services


Taiwan

FSC協助民眾度難關 金管會全力督促銀行業落實金融紓困措施


AustraliaJapan

APRAAPRA announces new commencement dates for prudential and reporting standards
APRA publishes new frequently asked questions on the temporary early release of superannuation benefits in response to COVID-19
ASIC20-090MR Betting over S&P/ASX 200 index highlights failures in controls


Note: Key Updates as of 8:00am Friday 17th April 2020