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 18th June 2020

United Kingdom

FCAFS20/8: Business interruption insurance test case: Guidance for firms
FS20/8: Business interruption insurance test case: feedback on draft guidance
Firms must do more to ensure that they are always giving appropriate equity release advice, FCA review finds
ICOICO releases findings on the use of mobile phone extraction by police forces
PRAInsurance Stress Test 2019: Feedback for general and life insurers


Jersey

JFSCWatch our virtual examinations webinar


Republic of Ireland

CBIIssue 6 2020
Risks, Resilience and Policy Responses to COVID-19 - Deputy Governor Sharon Donnery
“While the financial system is stronger than a decade ago, its resilience is not limitless, and its continued stability is being heavily supported by policymakers”- Deputy Governor Sharon Donnery


European Union

EBAEBA publishes its first peer review of the stress tests and the resilience of deposit guarantee schemes (DGSs)
ECCoronavirus: Commission unveils EU vaccines strategy
Coronavirus: EU supports with €60 million a regional response to the pandemic in the Horn of Africa
EUPARL'Farm to Fork' strategy: Striving for healthy and sustainable food
SRBMREL: the next steps


Germany

BaFinESMA passt Arbeitsprogramm 2020 den Krisenmaßnahmen an


Italy

BDICredito e liquidità per famiglie e imprese: domande di moratoria sui prestiti salgono a 277 miliardi, oltre 640.000 domande
MISEAvviso 17 giugno 2020 - Procedura di designazione nei collegi dei revisori degli enti del sistema camerale


Belgium

BNBLa crise du coronavirus a un impact négatif important sur les revenus de certains ménages avec des pertes plus prononcées pour ceux dont le revenu est plus faible
De coronacrisis heeft een aanzienlijke negatieve impact op de inkomens van bepaalde gezinnen met grotere verliezen voor die met het laagste inkomen


United States of America

DOTSBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
Treasury Sanctions Investors Supporting Assad Regime’s Corrupt Reconstruction Efforts
NYDFSGuidance to New York State-Regulated Consumer Credit Reporting Agencies Regarding Support for New York Consumers Impacted by the Novel Coronavirus (COVID-19)
Guidance to New York State-Regulated Financial Institutions Regarding Support for New York Consumers Impacted by the Novel Coronavirus (COVID-19)
Announces New York City On Track To Enter Phase Two Of Reopening June 22 Announces Mid-Hudson Valley on Track to Enter Phase Three of Reopening June 23 and Long Island on Track to Enter Phase Three of Reopening June 24 Governor Signs Legislation Prohibiti
OCCCOVID-19 Relief Programs


IndiaJapan

SEBIAdjudication Order in respect of Hiran Orgochem Ltd., Kantilal Hiran , Arun Panchariya and Mukesh Chauradiya in the matter of issue of GDRs by Hiran Orgochem Ltd.,


PhilippinesJapan

SECPSEC FIRES NEW WARNING AGAINST BITCOIN REVOLUTION


ThailandJapan

SEC-THก.ล.ต. แจ้งผลการประชุมคณะกรรมการ ก.ต.ท. ครั้งที่ 12/2563 วันที่ 16 มิถุนายน 2563


South KoreaJapan

FSCFSC Maintains Close Market Monitoring in Wake of North's Provocation


AustraliaJapan

APRAAPRA publishes frequently asked question on standardised approach to credit risk-weighted assets
ASIC20-139MR ASIC releases guidance on the administration of its product intervention power
Market Integrity Update - Issue 116 - June 2020


New ZealandJapan

FMAFMA KiwiSaver tracker updated, showing part of COVID-19 impact
FMA statement on director liability and continuous disclosure


Global / InternationalJapan

BISBasel Committee meets; discusses impact of Covid-19; reiterates guidance on buffers
OECDLaunch of the OECD report: Policy Actions for Housing Affordability in Latvia


Note: Key Updates as of 8:00am Thursday 18th June 2020