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 2nd June 2020

United Kingdom

FCAUpdate on FCA test case of the validity of business interruption claims
HMTChancellor shops at outdoor market marking first step in plan to reopen economy
PRAPRA Regulatory Digest - May 2020


IDPAApp "Immuni": via libera del Garante privacy

United States of America

FDICInteragency Policy Statement on Allowances for Credit Losses 12 CFR Part 364 RIN 3064–ZA10 Final interagency policy statement Avilable Date: June 1, 2020
Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks From the Supplementary Leverage Ratio for Depository Institutions 12 CFR Part 324 RIN 3064–AF44 Interim final rule and request for comments Effe
Interagency Guidance on Credit Risk Review Systems RIN 3064–ZA09 Final guidance Available Date: June 1, 2020
OCCOCC Sounds Warning About Effects of COVID-19 'Lockdowns' on Banking System
SECOpening Remarks at the Meeting of the Fixed Income Market Structure Advisory Committee


BOJ(Reference) BOJ's Measures in Response to COVID-19 (decided at the Monetary Policy Meeting held on May 22, 2020) [PDF 198KB]

Note: Key Updates as of 8:00am Tuesday 2nd June 2020