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.

Friday 5th June 2020

United Kingdom

BOESeven moments in Spring: Covid-19, financial markets and the Bank of England's operations - Speech by Andrew Hauser
Letter from Sir Jon Cunliffe to FMIs on distribution of profits
PRALetter from Sam Woods ‘Covid-19: IFRS 9 and capital requirements – Further guidance on initial and further payment deferrals’
FCAPS20/6: Pension transfer advice: feedback on CP19/25 and our final rules and guidance
The FCA's response to COVID-19 and expectations for 2020
Banks, building societies and credit unions – branch access for essential services update
HMTTrade Credit Insurance backed by £10 billion guarantee


European Union

ECSpeech by President von der Leyen at the Global Vaccine Summit
Coronavirus Global Response: European Commission pledges €300 million to Gavi
ECBChristine Lagarde, Luis de Guindos: Introductory statement to the press conference
Monetary policy decisions
EUPARLThe economy and coronavirus: Weekly Picks


France

BDFIntroductory statement
Monetary policy decisions


Germany

BaFin“It is now up to the banks“


Italy

AGIDSmart mobility: entra nel vivo la consultazione di mercato


United States of America

DOJArkansas Project Manager Charged in Oklahoma with COVID-Relief Fraud
NYDFSVideo, Audio, Photos & Rush Transcript: Governor Cuomo Announces State Is Expanding Covid-19 Testing Criteria to Include Anyone Who Attended A Protest Across the State
OCCNational Bank and Federal Savings Association Digital Activities
OCC Requests Comment on Proposal to Update Activities and Operations Rules and its Rules on Digital Activities


Canada

OSFIOSFI updates its FAQs on COVID-19 related regulatory measures


Hong Kong

HKMANurturing Banking Talent


India

SEBIRelaxation in compliance with requirements pertaining to AIFs and VCFs


Japan

FSAFSA publishes Weekly Review No.394
FSA updated Information on COVID-19 (Novel Coronavirus)


Global / International

OECDPlatform for Collaboration on Tax releases toolkit to help developing countries tackle the complex issues around taxing offshore indirect transfers of assets


Note: Key Updates as of 8:00am Friday 5th June 2020