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 2nd July 2020

United Kingdom

BOERemarks by Jonathan Haskel on Covid-19 and monetary policy
Leading the change: climate action in the financial sector - speech by Sarah Breeden
Statement on Bank’s commitment to combatting climate change
PRALetter from Sam Woods ‘Managing climate-related financial risk – thematic feedback from the PRA’s review of firms’ SS3/19 plans and clarifications of expectations’
PRA Regulatory Digest - June 2020
FCAFS20/9: Further support for consumers impacted by coronavirus: feedback on draft guidance and rules (personal loans, credit cards and overdrafts)
FCA confirms further support for consumer credit customers
Building a financial regulatory system suitable for the UK in the new era
FCA gives update on banks’ overdraft pricing decisions and plans to support consumers
HMTFlexible furlough scheme starts today
PSRPSR confirms widespread implementation of name-checking system, Confirmation of Payee
UK FinanceUK Finance responds to FCA announcement on further support for consumer credit customers


European Union

AFMEFeedback on the Capital Markets Union High Level Forum final report
ECRemarks by Executive Vice-President Dombrovskis at the press conference on the Youth Employment Support package and the European Skills Agenda
Commission launches Youth Employment Support: a bridge to jobs for the next generation
ECBFabio Panetta: The price of uncertainty and uncertainty about prices: monetary policy in the post-COVID-19 economy
Luis de Guindos: Interview with La Stampa
EIOPAEU has key role in pandemic insurance
EUPARLThe economy and coronavirus: Weekly Picks 01/07/2020


France

ACPRClaire Castanet est nommée coordonnatrice du Pôle commun à l’ACPR et à l’AMF à compter du 1er juillet 2020
AMFClaire Castanet est nommée coordonnatrice du Pôle commun à l’ACPR et à l’AMF à compter du 1er juillet 2020
BDFECB launches public consultation on its supervisory approach to consolidation


Germany

BBKKeynote Rede beim Virtuellen Wirtschaftstag des Wirtschaftsrates Hessen


Italy

BDICredito e liquidità per famiglie e imprese: domande di moratoria sui prestiti superano i 280 miliardi
MISECredito e liquidità per famiglie e imprese: oltre 740.000 le richieste al Fondo di Garanzia


Spain

BDEEl impacto del Covid-19 en la economía española (1 MB). Intervención del gobernador en "Líderes en directo" del Consejo General de Economistas


Belgium

BNBFinancial Stability Report: Solid Belgian financial sector can face and help solve the challenges of the COVID-19 crisis


United States of America

DOTTreasury to Provide Loan to YRC Worldwide
FDICMargin and Capital Requirements for Covered Swap Entities 12 CFR Part 349 RIN 3064–AF55 Interim final rule and request for comment Effective Date: September 1, 2020 Comment Period End: August 31, 2020
FRBAgencies provide largest firms with information for next resolution plans 
OCCMargin and Capital Requirements for Covered Swap Entities
Extension of the Swap Margin Rule Compliance Dates


Saudi ArabiaJapan

CMAThe Capital Market Authority exempts listed companies from paying the fees required by the CMA for a period of one year and debt issuers until the end of 2025G...


IndiaJapan

SEBIRelaxation from compliance to REITs and InvITs due to the CoVID-19 virus pandemic- Amendment


AustraliaJapan

ACCCACCC issues ACCCount for March 2020 quarter
ASICInFocus July 2020 - Volume 29 Issue 6


Global / InternationalJapan

OECDMeeting of the Inclusive Framework on BEPS


Note: Key Updates as of 8:00am Thursday 2nd July 2020