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.

Tuesday 26th May 2020

United Kingdom

22-MayFCAFCA announces support for customers who are struggling to pay their mortgage due to coronavirus
FCA acts to strengthen protections for customers using payment firms
HMTHelp with mortgages to continue for homeowners affected by Coronavirus
PRAStatement by the PRA on regulatory capital and IFRS 9 requirements for payment holidays
UK FinanceLenders are committed to providing ongoing support to those borrowers that are impacted by Covid-19
23-MayHMTUp to £15 million to support the Citizens Advice service during COVID-19 pandemic


European Union

22-MayECBDecisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) 22 May 2020
Philip R. Lane: International inflation co-movements
Meeting of 29-30 April 2020 22 May 2020
23-MayECState aid: Commission approves €8 billion Austrian scheme to compensate companies for damage caused by coronavirus outbreak
25-MayEBACOVID-19 is placing unprecedented challenges on EU banks
ECState aid: Commission approves €2.2 billion Polish subsidised loan scheme for large enterprises affected by coronavirus outbreak
State aid: Commission approves Dutch guarantee scheme to stabilise trade credit insurance market in coronavirus outbreak
Mergers: Commission opens in-depth investigation into proposed acquisition of Transat by Air Canada
ECBRecent stress in money market funds has exposed potential risks for the wider financial system
Dividend payouts and share buybacks of global banks
Volatility-targeting strategies and the market sell-off


France

22-MayBDFDecisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
Account of the monetary policy meeting of the Governing Council of the European Central Bank


Germany

22-MayBaFinESMA fordert transparente Informationen zu COVID-19-Effekten in Halbjahresfinanzberichten
25-MayBaFinEIOPA hält Rückgang bei den Prämieneinnahmen für möglich
BBKPost Corona – EU regulation and banking supervision after the shock Speech at a video conference held by the EU Public Affairs Committee of the Association of German Banks (BdB)


Italy

22-MayBDIDecisions taken by the Governing Council of the ECB: May 2020


Belgium

25-MayBNBPress release - Business confidence indicator (2020-05)


Netherlands

22-MayDNDStatistical News Release: Eighteen months of accumulated investment fund returns evaporated through recent price losses
LAFMAFM hervat uitvragen bij financiële ondernemingen per 1 juni


Spain

22-MayBDEOccasional Papers. 2013. El mercado de la vivienda en España entre 2014 y 2019


United States of America

22-MayCFPBCFPB Takes Action to Help Struggling Homeowners Seeking Mitigation Efforts; Consumers Seeking Small-Dollar Loans
CFTCCFTC Issues COVID-19 Customer Advisory on Commodity ETPs and Funds
NYDFSAdvisory on Medical Scams Related to COVID-19
DFS Supports Expansion of Access to Covid-19 Testing In Pharmacies Across New York State
SECSEC Announces Virtual Conference on Municipal Securities Disclosure


South AfricaJapan

25-MaySARBThe impact of COVID-19 on economic statistics released by the South African Reserve Bank


Hong KongJapan

25-MayHKIAApplication of Guidelines Issued by the Insurance Authority
HKMAAdditional measures to alleviate the impact of Covid-19


IndiaJapan

22-MayRBIStatement on Developmental and Regulatory Policies
Monetary Policy Statement, 2020-21: Resolution of the Monetary Policy Committee (MPC) May 20 to 22, 2020
SEBIRegulatory measures introduced by SEBI to continue in view of ongoing uncertainty
25-MaySEBIImplementation of Circular on ‘Margin obligations to be given by way of Pledge / Re-pledge in the Depository System’ - Extension


JapanJapan

22-MayBOJAmendment to "Principal Terms and Conditions of the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19)" [PDF 226KB]


Note: Key Updates as of 8:00am Tuesday 26th May 2020