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.

Monday 1st June 2020

United Kingdom

HMTChancellor's statement on coronavirus (COVID-19): 29 May 2020
Chancellor extends Self-Employment Support Scheme and confirms furlough next steps
PRAQ&A on Capital Requirements Regulation (CRR) requirements for property valuations
UK FinanceLenders confirm support for commercial landlords
Lenders approve almost 1.5 million payment holidays on credit cards and personal loans


European Union

EBAEBA seeks to future proof loan origination standards taking into consideration significant transition periods to facilitate implementation
EBA sees considerable achievements in supervisory convergence and good level of engagement in supervisory colleges across the EU
ECState aid: Commission approves € 1.6 billion Polish scheme to compensate companies for damages suffered due to coronavirus outbreak and provide liquidity support
EIOPAEIOPA publishes bi-weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 26 May 2020


Germany

BaFinIOSCO fordert Emittenten zur Offenlegung von Folgen der COVID 19-Pandemie auf


France

BDFL’impact de la crise du Covid-19 sur la situation financière des ménages et des entreprises


Italy

BDIThe Governor's Concluding Remarks for 2019
Eurocoin indicator: May 2020


Belgium

BNBPress release - NAI - Quarterly aggregates (2020-I)
Bank financing for SMEs from 2014 to 2019: effect of changes in the law on lending


Spain

BDEBanco de España to gradually resume attending personally to the public on its premises via prior appointment


United States of America

OCCBrian P. Brooks Statement on Becoming Acting Comptroller


Canada

OSFINotice: Coming into force date for solvency special payments moratorium and related FAQs


South AfricaJapan

SARBG6/2020: International Financial Reporting Standard (IFRS) 9 in response to the COVID-19 Pandemic


IndiaJapan

SEBIAdjudication Order in respect of Shreejesh Harindranath and Sandeep AC in the matter of SpiceJet Ltd.
Implementation of provision regarding Power of Attorney in circular dated February 25, 2020 – Extension


Hong KongJapan

HKIAInsurance Authority releases provisional statistics of Hong Kong insurance industry in the first quarter of 2020
HKMAEnhancement Measures to 80% and 90% Guarantee Products under SME Financing Guarantee Scheme


ThailandJapan

BOTPress Release on Southern Region’s Economic Conditions in April 2020
Press Release on the Economic and Monetary Conditions for April 2020


JapanJapan

FSAFSA publishes English translation of monthly magazine, Access FSA No.201


AustraliaJapan

OAICGuidance for businesses collecting personal information for contact tracing


Global / InternationalJapan

IOSCOOR02/2020 IOSCO Statement on Importance of Disclosure about COVID-19
IOSCO encourages issuers’ fair disclosure about COVID-19 related impacts


Note: Key Updates as of 8:00am Monday 1st June 2020