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.

Thursday 4th June 2020

United Kingdom

FCAFS20/07: Product Value and coronavirus: guidance for insurance firms
Coronavirus (Covid-19) Financial Resilience Survey
FCA confirms guidance for insurance firms on assessing product value
UK FinanceCards used for half of payments for first time last year


European Union

EUPARLEU rules on vouchers offered to passengers and travellers


Germany

BaFinEBA-Leitlinien zum aufsichtlichen Meldewesen und zur Offenlegung
“This time banks are part of the solution”


Italy

BDICredito e liquidità per famiglie e imprese: domande di moratoria sui prestiti salgono a 260 miliardi, oltre 480.000 domande
MISECredito e liquidità per famiglie e imprese: oltre 480.000 domande al Fondo di Garanzia per le PMI
Patuanelli incontra Jindal sul futuro del sito siderurgico di Piombino


Spain

BDEWorking Papers. 2015. Real-time weakness of the global economy: a first assessment of the coronavirus crisis


United States of America

DOLU.S. Department of Labor Issues Information Letter On Private Equity Investments
DOTStatement of the G7 Finance Ministers on Debt Transparency and Sustainability


Hong Kong

HKMAFeedback from recent thematic reviews of Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) control measures for remote customer on-boarding initiatives


Singapore

ABSABS Statement of Support for Landlords
MASAdditional Loan and Cashflow Support for Landlords and Businesses Affected by COVID-19
"Singapore's Financial Sector Agile and Resilient amid Covid-19" - Edited Transcript of Fireside Chat by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at ACI Live Aid: Financial Markets Give Back, on 29 May 2020


South Korea

FSCGovernment Proposes KRW4.7 Trillion in Additional Financial Support


Philippines

PDICPDIC resumes acceptance of Offers to Buy properties via its Public Assistance Center


New Zealand

FMAKiwiSaver investors to see how much they may have in retirement


Note: Key Updates as of 8:00am Thursday 4th June 2020