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 9th June 2020

United Kingdom

PRAJoint statement by the Bank and PRA on the ESRB recommendations for the restriction of distributions during the Covid-19 pandemic


Republic of Ireland

CBICentral Bank announces new protections for consumers of licensed moneylending services


European Union

EBAEBA releases bank-by-bank data at the start of the COVID-19 crisis
ECBChristine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
ESRBThe General Board of the European Systemic Risk Board takes second set of actions in response to the coronavirus emergency at its extraordinary meeting on 27 May 2020
Recommendation of the European Systemic Risk Board on liquidity risks arising from margin calls (ESRB/2020/6)
ESRB letter to EIOPA on liquidity risks in the insurance sector
Liquidity risks arising from margin calls
System-wide restraints on dividend payments, share buybacks and other pay-outs
Recommendation of the European Systemic Risk Board on monitoring the financial stability implications of debt moratoria, and public guarantee schemes and other measures of a fiscal nature taken to protect the real economy in response to the COVID-19 pande
Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
Recommendation of the European Systemic Risk Board on restriction of distributions during the COVID-19 pandemic (ESRB/2020/7)
EUPARLState aid and the pandemic: How State aid can back coronavirus economic support measures
Coronavirus: Financing the recovery [What Think Tanks are thinking]


Spain

BDEMacreconomic projections for Spain (2020-2022) (1 MB). Presentation by Óscar Arce, Director General Economics, Statistics and Research


Belgium

BNBThe Belgian economy’s recovery from the coronavirus crisis will be difficult, and the budget deficit in 2022 will still be twice as large as before the crisis


Netherlands

DNDPress release: Protracted coronavirus crisis could severely hit the Dutch financial sector
Press release: DNB expects Dutch economy to face deep economic recession due to pandemic


United States of America

DOJAssistant Attorney General Makan Delrahim to Participate in Organization for Economic Cooperation and Development (OECD) Virtual Meeting and Chair WP3 Session on Criminalization of Cartels
DOLFinal Rule- Fluctuating Workweek Method of Computing Overtime
DOTJoint Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza Regarding Enactment of the Paycheck Protection Program Flexibility Act
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Anton Siluanov, Minister of Finance of the Russian Federation


IndiaJapan

SEBIRelaxation from compliance with certain provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 and certain SEBI Circulars due to the COVID -19 virus pandemi


SingaporeJapan

MASMAS Launches S$1.75 Million FinTech Innovation Challenge for a Covid-Resilient and Greener Financial Sector
"Keeping Green and Impact in Focus" - Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore, at Asian Venture Philanthropy Network (AVPN) Virtual Conference 2020 on 8 June 2020


South KoreaJapan

FSSCapital Ratios of Banks and Bank Holding Companies, First Quarter 2020


Global / InternationalJapan

ISDAISDA and aosphere Launch E-contracts Service


Note: Key Updates as of 8:00am Tuesday 9th June 2020