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 16th June 2020

United Kingdom

BOEPayments after the COVID crisis – emerging issues and challenges - speech by Christina Segal-Knowles
HMTChancellor visits one of thousands of shops set to open on Monday
Reservists returning to civilian work eligible for government support schemes


Republic of Ireland

CBINo.4 External Balance Sheet Risks in Ireland, Part II (Galstyan and Herzberg)


European Union

ECEU-UK Statement following the High Level Meeting on 15 June
Re-open EU: Commission launches a website to safely resume travelling and tourism in the EU
Coronavirus global response: EU Humanitarian Air Bridge to Afghanistan and further support
Coronavirus: European Commission backs international initiative to facilitate trade in healthcare products
EIOPAPublication of the Annual Report 2019
ESMA2020 Annual Work Programme- revised
ESMA publishes 2019 Annual Report and updates 2020 Annual Work Programme
2019 Annual Report
ESMA publishes 2019 Annual Report and updates 2020 Annual Work Programme
EUPARLThe economy and coronavirus: Weekly Picks
Banking Union: Corona crisis effects


Germany

BaFinDigitale Revolution in der Krise?
Stressed


Belgium

BNBCommuniqué de presse - Statistique du commerce extérieur (2020-03)
Les indicateurs de l'enquête auprès des entreprises de l’ERMG suggèrent une reprise continue mais lente de l'économie belge


United States of America

FRBFederal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response
NYDFSNew York State Department of Financial Services Extends COVID-19 Regulatory Relief For New York-Regulated Mortgage Servicers
SECConfirmation of June 30 Compliance Date for Regulation Best Interest and Form CRS


Hong KongJapan

HKIAExtension of Phase 2 of the Temporary Facilitative Measures to tackle the outbreak of COVID-19
Insurance Authority extends the validity of temporary facilitative measures to 30 September 2020
HKMACircular Issued by the Insurance Authority (“IA”) on Extension of Phase 2 of the Temporary Facilitative Measures (“TFM”) to Tackle the Outbreak of COVID-19


PhilippinesJapan

BSPBank Lending Growth Eases in April


SingaporeJapan

MASSafe Transition to Phase Two of the Re opening for the Financial Sector


AustraliaJapan

ASIC20-137MR Investment funds told to correct advertising and disclosure


Global / InternationalJapan

OECDOECD Competition Committee: Competition Policy in the Time of COVID-19


Note: Key Updates as of 8:00am Tuesday 16th June 2020