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.


Tuesday 5th May 2020

United Kingdom

ICOCOVID-19 contact tracing: data protection expectations on app development
FCAFCA letter to the Financial Ombudsman Service regarding the Government’s Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme
Financial Ombudsman Service's response to FCA regarding the Government’s Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme
HMTNew Bounce Back Loans to launch today
LSBResponse to the launch of Bounce Back Loan Scheme (BBLS)
PRAStatement on credit risk mitigation eligibility and leverage ratio treatment of loans under the Bounce Back Loan scheme
TPRNew Director of Automatic Enrolment announced


Isle of Man

IOMFSACovid-19 Update (Press Release)


European Union

EBAEBA publishes final draft technical standards on specific reporting requirements for market risk
ECState aid: Commission approves French plans to provide €7 billion in urgent liquidity support to Air France
ECBDecisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) 4 May 2020
Results of the Q2 2020 ECB Survey of Professional Forecasters
EIOPAJoint RTS on amendments to the bilateral margin requirements under EMIR in response to the COVID-19 outbreak
ENISAWhat is a CSIRT and how can it help me?
ESMAStatement on bilateral margin RTS amendments in response to Covid-19
EMIR RTS on various amendments to the bilateral margin requirements in view of the international framework
ESRBThe making of a cyber crash: a conceptual model for systemic risk in the financial sector
EUPARLExchange of views with Andrea Enria, Chair of the Supervisory Board of the ECB
The economy and coronavirus - Weekly Picks 04/05/2020
JC-ESAESAs-2020-09 Final Report on Bilateral margin amendments


Germany

BaFinEIOPA verschiebt Solvency-II-Review um ein halbes Jahr
BBK„Das Geld wird nicht knapp“ Interview mit dem RND Redaktionsnetzwerk Deutschland


France

BDFLa BCE recalibre ses opérations de prêt ciblées afin de soutenir encore davantage l’économie réelle
Résultats de l’enquête menée par la BCE auprès des prévisionnistes professionnels pour le deuxième trimestre 2020


Italy

AGIDCovid-19: appalti innovativi per il rilancio del Paese
IDPACoronavirus: le FAQ del Garante privacy su scuola, lavoro, sanità, ricerca ed enti locali. Chiarimenti e indicazioni per pubbliche amministrazioni e imprese private


Spain

BDEPresentación del Informe de Estabilidad Financiera (primavera de 2020) (1 MB). Ángel Estrada, director general de Estabilidad Financiera, Regulación y Resolución
Financial Stability Report. Spring 2020


Luxembourg

CSSFAML/CFT supervision in the Collective Investment Sector during the Covid-19 situation


United States of America

CFTC17 CFR Part 4 Amendments to Compliance Requirements for Commodity Pool Operators on Form CPO-PQR
DOLFinal Rule- Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak
DOTTREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES
Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
NYDFSAmid Ongoing Covid-19 Pandemic, Governor Cuomo Outlines Additional Guidelines for When Regions Can Re-Open
SECThe Importance of Disclosure for our Municipal Markets
Remarks to the Special Meeting of the Investor Advisory Committee
SEC Provides Temporary, Conditional Relief to Allow Small Businesses to Pursue Expedited Crowdfunding Offerings
Remarks at Meeting of the SEC Investor Advisory Committee
Temporary Amendments to Regulation Crowdfunding


SingaporeJapan

MASFAQs on Offers of Units in Collective Investment Schemes (including REITs)
Reply to Parliamentary Question on relief measures for SMEs


AustraliaJapan

APRAAPRA publishes first data on temporary early release of superannuation scheme


Global / InternationalJapan

FATFCOVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses
OECDTax and fiscal policies central to governments’ responses to Covid-19 crisis


Note: Key Updates as of 8:00am Tuesday 5th May 2020