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 1st July 2020

United Kingdom

BOEThe second quarter - speech by Andy Haldane
PRAStatement by the PRA on the Capital Requirements Regulation (CRR) ‘Quick Fix’ package
FCAApproved Persons Regime (APR) and coronavirus: our expectations
Identifying and managing access to cash during Covid-19
Extension of the Senior Managers & Certification Regime (SM&CR) implementation periods for solo-regulated firms
HMTMore firms can now benefit from the Future Fund
UK FinanceOver one million UK businesses supported under Covid-19 lending schemes
Our commitment to tackling racism and inequality


European Union

AFMETraders call for an end to outdated market hours in Europe
ECState aid: Commission approves €30 billion French subordinated loan scheme to support companies affected by the coronavirus outbreak


France

AMAFICommuniqué de Presse : Rapport AMAFI Union des marchés de capitaux
Union des marchés de capitaux - Rapport AMAFI
Capital MArkets Union: AMAFI's Report
AMFL'AMF reporte la date d’effet du retrait d’agrément de la société de gestion de portefeuille « Nestadio Capital »


Italy

BDIDecisions taken by the Governing Council of the ECB: June 2020


Spain

BDEAnnual Report. Annual Report 2019


United States of America

DOJSeattle Doctor Charged with COVID Relief Fraud
DOTFinancial Action Task Force (FATF) Advances Its Work on Virtual Assets, Proliferation Financing, COVID-19, and Illegal Wildlife Trafficking
FDICCredit Risk Retention–Notification of Commencement of Review; Extension of Review Period 12 CFR Part 373 RIN 3064–ZA07 Notification of commencement of review; extension of review period Extended Review Period End: June 20, 2021
FRBCoronavirus and CARES Act
NYDFSDepartment of Financial Services Alerts Regulated Banking Institutions of New Responsibilities Under New York State’s Community Reinvestment Act
Examination Report - Tri-State Consumer Insurance Company


IndiaJapan

RBIDevelopments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2019-20
RBI launches the July 2020 round of the Inflation Expectations Survey of Households
RBI launches the July 2020 round of Consumer Confidence Survey
SEBIAdjudication order In the matter of OCL India Limited
Relaxation in timelines for compliance with regulatory requirements
Adjudication Order in respect of 7 entities in the matter of Adel Landmarks Ltd.,


JapanJapan

FSAFSA publishes English translation of monthly magazine, Access FSA No.202


PhilippinesJapan

BSPPhilippines' International Investment Position Registers a Lower Net External Liability Position as of end-March 2020 from the Previous Quarter
SECPSEC ENCOURAGES SOCIAL BONDS TO SUPPORT RECOVERY FROM COVID-19 PANDEMIC


South KoreaJapan

FSCVice Chairman Discusses Importance of Banks' Capital Buffers to Support Real Economy


ThailandJapan

BOTPress Release on the Economic and Monetary Conditions for May 2020


AustraliaJapan

APRAUpdated MySuper Heatmap shows fee reductions for millions of members
ASICASIC Corporate Insolvency Update - Issue 16
OAICPrivacy obligations regarding COVIDSafe and COVID app data


New ZealandJapan

FMAFMA publishes NZX Obligations annual review


Global / InternationalJapan

BISIn the face of an unexpected adversary: the crucial role for central banks
Central banks a stabilising force in response to unprecedented crisis
Central banks and the new world of payments
The prudential response to the Covid-19 crisis
FATFJurisdictions under Increased Monitoring – 30 June 2020
High-Risk Jurisdictions subject to a Call for Action – 30 June 2020
Outcomes FATF Virtual Plenary, 24 June 2020
Xiangmin Liu's End of Presidency Statement
ISDANew Survey on Derivatives Market Liquidity and COVID-19
OECDInternational community continues making progress against offshore tax evasion


Note: Key Updates as of 8:00am Wednesday 1st July 2020