The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. This daily regulatory intelligence bulletin, powered by RegHub and Corlytics, 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.

Monday 22nd June 2020

United Kingdom

19 JunFCAFCA announces proposals to further support consumer credit customers
HMTJoint Call of Finance Ministers of the Five Eyes Nations
UK FinanceLenders grant 1.9 million payment deferrals to mortgage holders in three months
UK Finance responds to FCA proposals on further support for consumer credit customers
20 JunHMTChancellor urges nation to support their high streets


European Union

19 JunEUPARLA roadmap to completing the Banking Union


France

19 JunAMFBlanchiment de capitaux et financement du terrorisme : menaces et risques en période de crise sanitaire
BDFEuro area monthly balance of payments: April 2020


Germany

19 JunBaFinBCBS: Banken bekommen Zeit zur Wiederherstellung der Basel-III-Puffer
EBA verlängert Geltungsdauer ihrer Leitlinien zu Moratorien um drei Monate
21 JunBBK“The trough is likely to be behind us now” Interview with Jens Weidmann in the Frankfurter Allgemeine Sonntagszeitung.


Italy

19 JunMISEStudio Confindustria contiene dati superati e incompleti
Piano Transizione 4.0: via libera della Corte dei Conti al decreto attuativo


Belgium

19 JunBNBPress release - Consumer confidence indicator (2020-06)


United States of America

19 JunCFPBRemarks by Director Kraninger During Consumer Data Industry Association Webinar
DOTReadout from a Treasury Spokesperson of Secretary Mnuchin’s call with the Finance Ministers of the Five Eyes Nations
FRBThe Adaptability of Stress Testing
SECSEC Extends Relief for Virtual Meetings of Fund Boards


IndiaJapan

19 JunRBIDirections under Section 35 A of the Banking Regulation Act, 1949 (AACS) – Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra – extension of validity period of Directions and enhancement of withdrawal limit for depositors to ₹1,00,000/-
SEBIRelaxation in timelines for compliance with regulatory requirements


PhilippinesJapan

19 JunBSPBSP Statement
FDI Net Inflows in March 2020 Reach US$507 Million; Q1 2020 Net FDI Inflows at US$1.7 Billion


South KoreaJapan

19 JunFSCGovernment Announces KRW2 Trillion-plus Financial Support for Auto Parts Sector
FSC Launches Working Capital Support Program for Subcontractors in Key Industries


TaiwanJapan

20 JunFSCFSC urges banks to implement COVID-19 relief measures
Starting from 20 April 2020, persons running a fever or not wearing a face mask are not allowed to enter banks
FSC promotes streamlining of small business entity loan applications, and lowers minimum required score on simplified loan approval score sheet


ThailandJapan

19 JunBOTMeasures to assist retail customers affected by COVID-19, Phase 2


AustraliaJapan

19 JunASICREP 663 Regulator Performance Framework: ASIC self-assessment 2018-19


New ZealandJapan

19 JunRBNZReserve Bank supports global call to action on remittances


Note: Key Updates as of 8:00am Monday 22nd June 2020