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.


Wednesday 6th May 2020

United Kingdom

ICOInformation Commissioner sets out new priorities for UK data protection during COVID-19 and beyond


European Union

ECState aid: Commission approves €10 million Greek scheme to support companies in the floriculture sector affected by the coronavirus outbreak
State aid: Commission approves Belgian €250 million subordinated loan scheme to support start-ups, scale-ups and SMEs affected by the coronavirus outbreak
State aid: Commission approves €296 million Danish loan schemes to support start-ups affected by coronavirus outbreak
State aid: Commission approves €5.2 billion Czech guarantee scheme for loans to large exporting companies affected by coronavirus outbreak
SRBSpeech by Elke König to European Parliament ECON Committee


Germany

BaFinESAs bereiten Aufschub der letzten beiden Umsetzungsphasen des Rahmens für Einschussanforderungen für nicht zentral geclearte Derivate vor
BBKOpening of the digital conference "COVID-19 and its impact on banks in Germany" Interview with Annette Weisbach as part of the online event
Der Bankensektor im Zeichen der Pandemie – die Perspektive der Bundesbank Rede bei der Online-Veranstaltung der Deutschen Bundesbank „Covid-19 und die Auswirkungen auf die Banken in Deutschland“
Eröffnung der Digitalkonferenz "Covid-19 und die Auswirkungen auf die Banken in Deutschland" Interview mit Annette Weisbach im Rahmen der Online-Veranstaltung


France

AMFRobert Ophèle explains the AMF’s actions in response to the Covid-19 crisis
Eight French regulators publish a working paper on their role and tools in the face of climate change
BDFLes Echos, la Repubblica et le Suddeutsche Zeitung - Learning from European cooperation in the field of financial stability


United States of America

DOJTwo Charged in Rhode Island with Stimulus Fraud
DOTJoint Statement by Treasury Secretary Steven T. Mnuchin and Secretary of the Interior David L. Bernhardt on Distribution of Coronavirus Relief Fund Dollars to Native American Tribes
FRBFederal bank regulatory agencies modify liquidity coverage ratio for banks participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility
Welcome Remarks
OCCFederal Bank Regulatory Agencies Modify Liquidity Coverage Ratio For Banks Participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility


IndiaJapan

SEBIOrder in the matter of Kanchan International Ltd


PhilippinesJapan

BSPBSP Adopts Relief Measures in Support of the MSME Sector


New ZealandJapan

RBNZEconomic impacts of COVID-19 containment measures


Note: Key Updates as of 8:00am Wednesday 6th May 2020