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 24th June 2020

United Kingdom

HMT£105 million to keep rough sleepers safe and off the streets during coronavirus pandemic
Over 40 new firms commit to promoting gender diversity in financial services
Regulatory reforms in Financial Services
UK FinanceMore than 970,000 businesses supported with £40 billion in finance through Covid-19 lending schemes


European Union

AFMEQ&A Responses: How Has Lockdown Impacted the Mental Health of Whole-sale Financial…
AFME and Simmons & Simmons publish white paper on conduct risks and client communications during LIBOR…
ECEuropean Innovation Scoreboard 2020: The EU's increasing innovation vital for sustainable and inclusive recovery


France

ACPRGarantie « pertes d’exploitation » : l’état des lieux de l’ACPR


Italy

IDPARelazione annuale 2019, discorso del Presidente e sintesi per la stampa


Spain

BDEComparecencia del gobernador en la Comisión para la Reconstrucción Social y Económica de España tras el Covid-19 (Congreso de los Diputados) "Los principales retos de la economía española tras el Covid-19". Versión ampliada de la intervención con el detal


United States of America

CFPBCFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships
DOJTexas Man Charged with COVID-Relief Fraud, False Statements and Money Laundering
FDICAgency Information Collection Activities: Submission for OMB Review; Comment Request Summary of Deposits OMB Number: 3064–0061 Foreign Banking Investments by Insured State Nonmember Banks OMB Number: 3064–0125 Reverse Mortgage Products ...
FRBInteragency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
Federal and state regulatory agencies issue examiner guidance for assessing safety and soundness considering the effect of the COVID-19 pandemic on financial institutions
OCCExaminations
Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions
SECStatement on the Continued Importance of High-Quality Financial Reporting for Investors in Light of COVID-19


CanadaJapan

OSFIOSFI's Domestic Stability Buffer level remains at 1%


IndiaJapan

SEBIOrder in the matter of Jay Energy and S. Energies Ltd.
Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19
Adjudication Order in respect of Dhiren Agarwal in the matter of Jolly Plastic Industries Ltd.,


JapanJapan

FSAFSA updated Information on COVID-19 (Novel Coronavirus)


PhilippinesJapan

BSPFSCC Takes Action to Support PH Economic Recovery
PDICFSCC takes action to support PH economic recovery
SECPFSCC TAKES ACTION TO SUPPORT PH ECONOMIC RECOVERY


South KoreaJapan

FSCVice Chairman Stresses Importance of Balanced Approach to Support Real Economy Sectors
FSC Chairman Highlights Importance of Building Mutual Trust between Start-ups and Investors


AustraliaJapan

ACCCBusiness email compromise scams cost Australians $132 million
ASIC20-144MR ASIC reports on decisions to cut red tape – October 2019 to March 2020


New ZealandJapan

RBNZReserve Bank approves sale of AMP Life


Global / InternationalJapan

BISCapital treatment of securitisations of non-performing loans
Basel Committee proposes amendment to capital rules for non-performing loan securitisations


Note: Key Updates as of 8:00am Wednesday 24th June 2020