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

Monday 18th May 2020

United Kingdom

15-MayFCABusiness interruption insurance during the coronavirus pandemic - High Court test case
LSEBANK OF ENGLAND UPDATES ITS ELIGIBILITY CRITERIA FOR THE CORPORATE BOND PURCHASE SCHEME


Jersey

15-MayJFSCCovid-19: Deadlines for Jersey public company accounts and auditor’s report (audited accounts)


European Union

15-MayECState aid: Commission approves €18.5 billion Czech guarantee scheme for companies affected by coronavirus outbreak
State aid: Commission approves Danish guarantee scheme to stabilise trade credit insurance market in coronavirus outbreak
EIOPAEIOPA publishes weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 12 May 2020
ESMASummary of Conclusions Board of Supervisors conference call- 15 April 2020
Summary of Conclusions Board of Supervisors conference call- 22 April 2020
EUPARLBanking Union: Corona crisis effects - week 20


France

15-MayBDFConférence numérique à l’Université Bocconi – 14 mai 2020 - La solidarité européenne à l’épreuve de la crise sanitaire
Corriere della Serra - La reprise nécessite un soutien européen
16-MayFBFTRIBUNE : Banquiers et banquières mobilisés au service des entreprises et des Français - Frédéric Oudéa, Président de la Fédération bancaire française


Germany

15-MayBaFinESRB beschließt erste Maßnahmen zum Umgang mit systemischen Risiken in der Krise
ESMA sieht Entkopplung der Finanzmarktleistung von der Wirtschaftstätigkeit


Netherlands

15-MayLAFMAFM vraagt ondernemingen extra alert te zijn op verhoogde informatiebeveiligingsrisico’s door coronacrisis


United States of America

15-MayCFPBDirector Kraninger Remarks During Financial Stability Oversight Council Meeting
CFPB, CSBS Issue Consumer Guide on Mortgage Relief Options
DOJDepartment of Justice Supports National Pork Producers Council’s Ability to Combat Meat Shortage
DOTSBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
FDICStatement by FDIC Chairman Jelena McWilliams on the Interim Final Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions
Statement by Martin J. Gruenberg, Member, FDIC Board of Directors; on the Interim Final Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio
FIL-57-2020 Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions
FRBRegulators temporarily change the supplementary leverage ratio to increase banking organizations' ability to support credit to households and businesses in light of the coronavirus response
OCCSupplementary Leverage Ratio
Regulators Temporarily Change the Supplementary Leverage Ratio to Increase Banking Organizations' Ability to Support Credit to Households and Businesses In Light of the Coronavirus Response
SECAmendments to the National Market System Plan Governing the Consolidated Audit Trail


ChinaJapan

16-MayPBCOfficial from PBC Statistics and Analysis Department Answers Questions from Financial News on April Financial Statistics


Hong KongJapan

15-MayHKMACredit Card Lending Survey Results for First Quarter 2020
SFCStatement in relation to HSBC Holdings plc


IndiaJapan

15-MaySEBIRelaxation in timelines for compliance with regulatory requirements


ThailandJapan

15-MaySEC-THก.ล.ต. ร่วมแบ่งปันน้ำใจสู่สังคมผ่าน “ตู้ ก.ล.ต. ปันสุข”


Note: Key Updates as of 8:00am Monday 18th May 2020