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 13th May 2020

United Kingdom

HMTChancellor extends furlough scheme until October
UK FinanceLenders provide almost £15 billion to businesses through Covid-19 loan schemes


European Union

ECState aid: Commission approves €322 million Croatian loan guarantees and subsidised loans scheme for micro, small and medium-sized companies affected by coronavirus outbreak
State aid: Commission approves €11.5 million Maltese scheme to support investments in the production of coronavirus-relevant products
State aid: Commission approves €25 million Belgian aid scheme to support coronavirus related research and development activities in Wallonia
State aid: Commission approves €1.5 million Latvian scheme to support companies active in the agricultural sector affected by coronavirus outbreak
Commission publishes guidance on coronavirus-related humanitarian aid to Syria despite sanctions
Coronavirus: €117 million granted for treatments and diagnostics through the Innovative Medicines Initiative
ECBPhilip R. Lane: Interview with the Telegraaf
EUPARLThe economy and coronavirus - Weekly Picks 12/05/2020
Social governance in the European Union: Managing complex systems


Germany

BaFinBaFin’s annual press conference


Italy

BDICredito e liquidità per famiglie e imprese: 2,2 mln domande per moratoria sui prestiti e più di 150.000 richieste al Fondo Garanzia per PMI


Luxembourg

CAALC 20/10 Lettre circulaire 20/10 mettant en place un régime d’agrément temporaire comme agent ou sous-courtier d’assurance dans le cadre de la crise du COVID-19


United States of America

CFPBDirector Kraninger Remarks During National Association of Realtors 2020 Legislative Meetings
Director Kraninger Remarks During Financial Literacy and Education Commission Public Meeting
CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
CFTC17 CFR Part 50 Swap Clearing Requirement Exemptions
FDICStatement of Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation on Oversight of Financial Regulators before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
FERCChairman Chatterjee Rejects Virginia Attorney General’s Call for an Immediate Moratorium on Infrastructure Projects
FRBSupervision and Regulation Report
MSRBMSRB Enhances Usability of Disclosure Summary Report about Impact of COVID-19
OCCCorporate Governance
Comptroller of the Currency Discusses Efforts to Support the Federal Banking System's Response to COVID-19


ChinaJapan

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


IndiaJapan

SEBIAdditional relaxation in relation to compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Covid-19 pandemic


South KoreaJapan

FSCHousehold Loans, April 2020
Vice Chairman Urges Preventive Measures as Banks Ready to Accept Loan & Relief Payment Applications


PhilippinesJapan

BSPBank Lending Continues to Grow in March


New ZealandJapan

RBNZFinancial Services - Level 2 guidance


Global / InternationalJapan

OECDComposite Leading Indicators (CLI), OECD, May 2020
Unprecedented collapse in CLIs in most major economies
XIV CAF-SEGIB ECONOMISTS’ MEETING: The Economic Impacts of COVID-19 in Ibero-America: Moving Towards Recovering Growth


Note: Key Updates as of 8:00am Wednesday 13th May 2020