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 12th May 2020

Isle of Man

IOMFSARegulated Entities and DNFPBs – Covid-19 Money Laundering Risk Assessment for the Isle of Man (Press Release)


European Union

ECState aid: Commission approves €450 million Polish scheme to support companies affected by coronavirus outbreak
State aid: Commission approves €500 million Greek scheme to support the self-employed affected by coronavirus outbreak
State aid: Commission approves € 10.3 billion UK scheme to support self-employed individuals and members of partnerships during the coronavirus outbreak
State aid: Commission invites comments on updated proposal on simplified rules for State aid combined with EU support
State aid: Commission approves French guarantee scheme for exporting small and midsize companies affected by coronavirus outbreak
ECBIsabel Schnabel: Interview with La Repubblica
ENISACybersecurity in the healthcare sector during COVID-19 pandemic
ESMALetter to IASB Exposure Draft COVID-19 Related Rent Concessions
Letter to EFRAG on IASB Exposure Draft COVID-19 Related Rent Concessions
EUPARLComparison of key figures in the 2020 Stability and Convergence Programmes and European Commission spring 2020 forecast
Coronavirus and the cost of non-Europe: An analysis of the economic benefits of common European action


France

BDFSurvey on the Access to Finance of Enterprises: Small businesses report challenging outlook for their access to external financing due to COVID-19


Germany

BaFinIAIS warnt vor retroaktiver Deckung nicht versicherter Corona-Schäden


United States of America

CFTC85 FR 27674 - 17 CFR Part 23 Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants


ChinaJapan

PBCDeputy Governor Chen Yulu Attends State Council Policy Briefing on “Handling of NPC Deputies’ Suggestions and CPPCC National Committee Members’ Proposals by State Council Agencies in 2019”


JapanJapan

FSAFSA publishes GLOPAC Newsletter vol.15
IFIAR published IFIAR Chair’s Update on COVID-19 to stakeholders


South KoreaJapan

FSCFinancial Data Exchange Platform Launched


AustraliaJapan

APRAAPRA publishes first fund-level data on superannuation early release scheme


Global / InternationalJapan

ISDABenchmark Reform and Transition from LIBOR


Note: Key Updates as of 8:00am Tuesday 12th May 2020