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.

Wednesday 10th June 2020

United Kingdom

BOEMinutes of the Securities Lending Committee meeting - February 2020
Financial System Resilience: Lessons from a real stress - speech by Jon Cunliffe
CMACOVID-19: Major holiday lets firm offers refunds after CMA action
FCAStatement on Government support package for debt advice services
HMTParents returning to work after extended leave eligible for furlough
Almost £38 million support package for debt advice providers helping people affected by Coronavirus
UK Finance£35 billion provided to 830,000 businesses by lenders through Covid-19 loan schemes


Isle of Man

IOMFSAPublic Statement - Business Interruption Insurance and Covid-19 (Press Release)


Republic of Ireland

CBIVol 2020, No.7, Measuring Economic Activity in Real Time during COVD-19 (Conefrey and Walsh)
Economic Letter: “Measuring Economic Activity in Real Time during COVID-19”
Dear CEO - Payment Breaks and the Central Bank's Expectations


European Union

AFMEAFME welcomes agreement on CRR but encourages ongoing review of requirements
ECBIsabel Schnabel: Q&A on Twitter
International use of the euro broadly stable in 2019
EFAMAAlternative Investment Funds continued to attract net new money in Q1 2020 despite Covid 19 
EIOPAEIOPA supports the ESRB’s call on enhanced monitoring of liquidity risks in the insurance sector
ESMAESMA extends deadline for responses to consultation on EMIR REFIT


France

BDFInternational use of the euro broadly stable in 2019
The 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


Germany

BaFinESRB beschließt zweites Maßnahmenpaket


Belgium

BNBBelgian economic activity is expected to shrink by a further 16 % in the second quarter of 2020


Italy

BDIPress release (only in Italian)
Mese dell'educazione finanziaria 2020: le scelte finanziarie ai tempi del Covid-19
MISEMese dell’educazione finanziaria 2020: le scelte finanziarie ai tempi del Covid-19


United States of America

FRBFederal Reserve Board announces that results from both its Dodd-Frank Act stress tests and the related Comprehensive Capital Analysis and Review will be released on Thursday, June 25, at 4:30 p.m. EDT
NYDFSSuperintendent Lacewell Announces the Launch of New DFS Program to Drive Innovative Financial Services and Products For New Yorkers In The Covid-19 Era
SECSEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims


IndiaJapan

SEBIRelaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer


Hong KongJapan

HKMARecord of Discussion of the Meeting of the Exchange Fund Advisory Committee Currency Board Sub-Committee held on 28 April 2020


PhilippinesJapan

SECPSEC TO ACCEPT COMPANY REGISTRATION, MONITORING APPLICATIONS VIA EMAIL


South KoreaJapan

FSCVice Chairman Vows to Maintain Close Market Monitoring and Risk Management


AustraliaJapan

APRAAPRA releases quarterly authorised deposit-taking institution statistics for March 2020


Global / InternationalJapan

ICMAGreen & Social Bond Principles publish Sustainability-Linked Bond Principles and update the Social Bond Principles and other key guidance
IOSCOIOSCO Board elects Chair and Vice Chairs for the term 2020-2022
OECDVirtual Session with Iceland’s Economic Council


Note: Key Updates as of 8:00am Wednesday 10th June 2020