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Know your allies - understand and monitor the actions of public actors

Governments and political authorities

Governments are fighting the spread of the pandemic by implementing shut-downs in public life, travel restrictions and shelter-in-place orders. Massive testing, contact tracing and isolation of infected and potentially infected individuals proved to be successful containment measures as well. At the same time, the effects of the virus are slowed by ensuring adequate health care (capacity, personnel, equipment) and supporting medical research (vaccination, medication). Politicians across the globe have introduced various financial stimulus packages to limit the financial impact on companies and banks. Numerous sources provide an overview of the legislation passed to date and further planned measures.

Political measures and legislative proposals

Global

Especially remarkable

DateContentSourceCountries
04/03/2020Progress on the response to the COVID-19 pandemic
Update on latest activities
The World BankGlobal
continually updatedIMF policy tracker
Overview of policy responses to COVID-19 by country
International Monetary FundGlobal
continually updatedTackling the coronavirus
Statements on solutions to boost healthcare systems, secure businesses, maintain jobs and education, and stabilize financial markets and economies
OECDGlobal


Latest documents

DateContentSourceCountries
continually updatedCOVID-19 Government Response Tracker
Oxford University provides an analysis that aims to record unfolding government responses in a rigorous, consistent way across countries and across time
Oxford UniversityGlobal
04/01/2020Economic Policies for the COVID-19 War
Special article on the response to the coronavirus
International Monetary FundGlobal
03/31/2020IMF Managing Director Statement
Statement following a G20 Ministerial Call on the Coronavirus Emergency
International Monetary FundGlobal

 

Europe

Especially remarkable

DateContentSourceCountries
03/19/2020European Commission COVID-19 factsheet
EU coronavirus response
European CommissionEurope
continually updatedTimeline of Council actions on COVID-19
This timeline gives an overview of the latest actions of the Council in relation to the COVID-19 outbreak
European Council/ Council of European UnionEurope
continually updatedEU's response to the COVID-19 outbreak
Overview and further information regarding focus topics of the EU´s response to COVID-19
European Council/ Council of European UnionEurope

Latest documents

DateContentSourceCountries
continually updatedEuropean Commission's response to the coronavirus pandemic
Overview of current information and all areas of the Commission’s response
European CommissionEurope
04/06/2020Commission and European Investment Fund
Commission and European Investment Fund unlock €8 billion in finance for 100,000 small and medium-sized businesses
European CommissionEurope
03/13/2020EU response to the coronavirus pandemic
Coordinated response to mitigate the socio-economic impact of  the COVID-19 outbreak
European CommissionEurope

 

Germany

Especially remarkable

DateContentSourceCountries
continually updated“Corona-Schutzschild” (Coronavirus protective shield)
The BMF informs about the adopted package of measures for the German economy
Bundesministerium der FinanzenGermany
continually updatedNews on the coronavirus pandemic
Current information on new rules, measures, regulations and tips issued by the German government
BundesregierungGermany
04/06/2020KfW instant loan for SMEs
German Federal Government decides on further KfW instant loans for SMEs
BundesregierungGermany

 

Latest documents

DateContentSourceCountries
continually updatedLabor law information
The Ministry of Labor provides information on the effects of COVID-19 on labor law
Bundesministerium für Arbeit und SozialesGermany
04/05/2020A response to the coronavirus crisis in Europe based on solidarity
Article by Heiko Maas, Federal Minister of Foreign Affairs, and Olaf Scholz, Federal Minister of Finance, on the coronavirus crisis in Europe
Auswärtiges AmtGermany
03/29/2020Implementation of federal government emergency aid
Press release on agreement between the federal states on implementation
BundesregierungGermany
Austria

Especially remarkable

DateContentSourceCountries
continually updatedProtective measures against COVID-19 in Austria
The Austrian Ministry of Health provides information on current measures especially in accordance with the regulation under the “COVID-19-Maßnahmengesetz” (COVID-19 Measure Act)
Sozialministerium ÖsterreichAustria
continually updatedSupport for companies
The Austrian Federal Ministry for Digital and Economic Affairs provides information about the aid package to support companies
Bundesministerium für Digitalisierung und Wirtschaftsstandort ÖsterreichAustria


Latest documents

DateContentSourceCountries
continually updatedJob and coronavirus
The Austrian Trade Union Federation and the Chamber of Labour provide information on labor law issues
Arbeiterkammer & Gewerkschaftsbund ÖsterreichAustria
continually updatedInformation on labor law, Austria
The Austrian Federal Ministry of Labour, Family and Youth provides information on its measures relating to labor law, occupational health and safety and the new regulations on short-time working.
Bundesministerium für Arbeit, Familie, JugendAustria
continually updatedTravel warnings Austria
The Austrian Foreign Ministry provides information on current travel warnings/restrictions
Außenministerium ÖsterreichAustria
Switzerland

Especially remarkable

DateContentSourceCountries
continually updatedFederal protective measures, Switzerland
The Swiss Federal Office of Public Health provides information on federal measures to protect the population
Bundesamt für Gesundheit SchweizSwitzerland
continually updatedCoronavirus and economic measures
Overview of the pages of the Federal Department of Economic Affairs, Education and Research and further links on the topic of coronavirus and the economy
Eidgenössisches Departement für Wirtschaft, Bildung, ForschungSwitzerland
04/03/2020Swiss Federal Administration’s press releases
Federal Council increases volume of liquidity support guarantees to CHF 40 billion
Eidgenössisches FinanzdepartementSwitzerland


Latest documents

DateContentSourceCountries
continually updatedTravel advice for Switzerland
The Swiss Federal Department of Foreign Affairs provides current travel advice and details of its representations
 Eidgenössische Departement für auswärtige AngelegenheitenSwitzerland
Other European countries

Especially remarkable

DateContentSourceCountries
continually updatedCoronavirus: what you need to do
Overview of measures taken and support provided by the UK Government
 UK GovernmentUnited Kingdom
continually updatedTackling coronavirus in the Netherlands
All relevant information on measures to control coronavirus
Government of the NetherlandsNetherlands
03/20/2020Covid Corporate Financing Facility (CCFF)
Information for companies, and banks acting on behalf of companies, that would like to participate in the HM Treasury and the Bank of England’s CCFF
Bank of EnglandUnited Kingdom


Latest documents

DateContentSourceCountries
continually updatedGovernment's response to the coronavirus
Overview of the government's work in response to the virus responsible for COVID-19
Government Offices of SwedenSweden
continually updatedInitiatives to prevent the spread of COVID-19 in Denmark
Overview of the government's most recent initiatives to reduce social contact, maintain social distancing and increase the effect of social distancing
Danish PoliceDenmark
continually updatedNorwegian government informs about coronavirus
Information and advice about the coronavirus situation from Norwegian authorities
Norwegian GovernmentNorway

Development banks and public institutions

In order to limit the massive economic damage, national and regional development banks and other public institutions are offering emergency aid and support programs. These include measures to secure liquidity for companies and help for employees, such as compensation for reduced hours. Allocation of these measures is carried out either by a company’s principal bank or, in part, directly by the public institution.

Set of measures and publications

Europe

Especially remarkable

DateContentSourceCountries
continually updatedEIB package of measures
Fact sheet and further information on the European Investment Bank's COVID-19 measures
European Investment BankEurope

 

Germany

Especially remarkable

DateContentSourceCountries
continually updatedFunding database of the BMWi (German Federal Ministry for Economic Affairs and Energy)
Searchable overview of funding programs at federal, state and EU level. Filterable by funding areas, sectors, sponsors, type and other criteria.                                             
Bundesministerium für Wirtschaft und EnergieGermany
continually updatedKfW coronavirus aid
Information on instant loans for mid-sized companies with more than 10 employees, on loans for companies that have been on the market for more than 5 years, for young companies and on the KfW special program (“KfW-Sonderprogramm”)
Kreditanstalt für WiederaufbauGermany
03/25/2020Overview of special programs of guarantee banks
Information about assistance possibilities of guarantee banks
Verband Deutscher BürgschaftsbankenGermany


Latest documents

DateContentSourceCountries
continually updatedCoronavirus aid from NRW.BANK
NRW.BANK has implemented various program changes and is working on further program-related aid measures. The FAQs are updated daily.
NRW.BankGermany
continually updatedCoronavirus aid from the Investment Bank of the State of Brandenburg
Overview on the existing programes for enterprises
Investitionsbank des Landes BrandenburgGermany
03/31/2020Launch of NBank coronavirus aid
Leaflet and information on applying for two support programs for emergency aid for companies
NBank NiedersachsenGermany

 

Other European countries

Especially remarkable

DateContentSourceCountries
continually updatedWhat banks and the SBVg are doing as a result of the coronavirus
The SBVg provides information and answers on the banks’ internal implementation of liquidity support for SMEs. The Bankers Association assumes the information and coordination function.
Schweizerische BankiervereinigungSwitzerland
continually updatedCoronavirus in Austria
Selection of information on COVID-19 crisis management for companies in Austria
Unternehmensservice Portal ÖsterreichAustria
continually updatedThe Coronavirus Business Interruption Loan Scheme (CBILS) is available through participating lenders
The scheme is a part of a wider package of government support for UK businesses and employees
British Business BankUnited Kingdom


Latest documents

DateContentSourceCountries
continually updatedFinnvera's approach towards reorganisation needs of financing caused by the coronavirus
The financing company owned by the State of Finland has the capability to increase the SME corporate financing
FinnveraFinland
continually updatedCoronavirus—information for entrepreneurs
FAQs about measures of the Dutch Government to help businesses that are affected by the crisis
Netherlands Chamber of CommerceNetherlands
03/25/2020German Federal Government and banks launch SME loan program
The program announced by the Federal Council for the granting of loans with joint guarantees for small and medium-sized enterprises entered into force on March 26, 2020. From this date on, loan applications can be submitted to the house bank.
Schweizerische BankiervereinigungSwitzerland

 

Central banks and supervisory authorities

In addition to political institutions, central banks and regulatory authorities are also actively responding to the crisis. This includes monetary policy measures, such as interest rate cuts and new bond purchases, as well as initiatives to potentially relax existing regulatory requirements.
We have compiled the most important measures and initiatives below. For a comprehensive overview and detailed insight into the current initiatives of the banking regulatory authorities, please see zeb.regulatory-hub.

Measures and initiatives

Global

Basel Committee on Banking Supervision (BCBS)

DateContentSourceCountries
04/03/2020Additional measures to alleviate the impact of COVID-19
The Basel Committee on Banking Supervision sets out additional measures to alleviate the impact of COVID-19 on the global banking system. These measures concern, among others, the expected credit loss accounting, margin requirements for non-centrally cleared derivatives and the global systemically important banks annual assessment.
Basel Committee on Banking SupervisionGlobal
03/27/2020Deferral of Basel III implementation
The Basel Committee's oversight body (Group of Central Bank Governors and Heads of Supervisions) endorsed a change in the implementation timeline of outstanding Basel III standards. This concerns the leverage ratio framework, G-SIB buffer, standardized and IRB approach for credit risk, the operational and market risk framework, the CVA and revised Pillar 3 disclosure framework as well as the output floor.
Basel Committee on Banking SupervisionGlobal
03/20/2020Basel Committee suspends consultations
The Basel Committee on Banking Supervision is suspending consultation on all policy initiatives and postponing all outstanding jurisdictional assessments planned in 2020 under its Regulatory Consistency Assessment Programme. 
Basel Committee on Banking SupervisionGlobal

 

Financial Stability Board (FSB)

DateContentSourceCountries
04/02/2020FSB regards some on-site functions as systemically essential
These functions include: providing consumer access to cash, electronic payments and other banking and lending services; as appropriate keeping branches and call centers open; processing claims under government support programs; insurance services; risk management; supporting financial operations, such as staffing data and security operations centers; and supporting third-party providers who deliver core services.
Financial Stability BoardGlobal

 

International Association of Insurance Supervisors (IAIS)

DateContentSourceCountries
03/27/2020IAIS extends deadline for data collection on Insurance Capital Standard (ICS)
The IAIS will review the 2020 timelines for the implementation of the Holistic Framework for the mitigation of systemic risk in the global insurance sector and will review and adjust the timelines for the data collection for the ICS confidential reporting in 2020, as well as the Aggregation Method data collection.
International Association of Insurance SupervisorsGlobal
Europe

European Central Bank (ECB)

DateContentSourceCountries
continually updatedFAQ on ECB supervisory measures
Depending on developments ECB answers frequently asked questions regarding its measures in reaction to COVID-19.
European Central BankEurope
03/27/2020ECB asks banks not to pay dividends until at least October 2020
The ECB asks banks not to pay dividends or buy back shares during the COVID-19 pandemic. The recommendation concerns dividends for 2019 and 2020. Instead, the ECB expects banks to keep funding households, small businesses and corporations.
European Central BankEurope
03/25/2020ECB Pandemic Emergency Purchase Programme
The ECB published a new announcement regarding its PEPP stating that there is no upper limit for asset purchases
European Central BankEurope
03/18/2020Pandemic Emergency Purchase Programme (PEPP)
The ECB announces a new temporary asset purchase programme of private and public sector securities amounting to EUR 750 bn. Purchases will be conducted until the end of 2020 including all asset purchase programme (APP) eligible asset categories.
European Central BankEurope
03/12/2020Temporary capital and operational relief
The ECB will allow banks to operate temporarily below the level of capital defined by the Pillar 2 Guidance (P2G), the capital conservation buffer (CCB) and the liquidity coverage ratio (LCR). ECB also considers enhancement via the appropriate relaxation of the countercyclical capital buffer (CCyB) by national macroprudential authorities. Banks will also be allowed to partially use capital instruments that do not qualify as Common Equity Tier 1 (CET1) capital to meet the Pillar 2 Requirements (P2R).
European Central BankEurope
03/12/2020Easing of conditions for targeted longer-term refinancing operations (TLTRO III)
The ECB decided on more favourable operations to support bank lending, in particular to small and medium-sized enterprises. Among other measures, TLTRO III interest rates are reduced by 25 basis points during the period from June 2020 to June 2021.
European Central BankEurope

 

European Banking Authority (EBA)

DateContentSourceCountries
04/02/2020EBA publishes guidelines on treatment of public and private moratoria
Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the EBA published more detailed guidance on the criteria to be fulfilled by legislative and non-legislative moratoria applied before June 30, 2020.
European Banking AuthorityEurope
03/31/2020EBA provides additional clarity on measures to mitigate the impact of COVID-19 on the EU banking sector
The EBA urges for one-month flexibility for reports with remittance dates between March and the end of May 2020. The EBA also called for flexibility in assessing deadlines of institutions' Pillar 3 disclosures. Furthermore, the EBA decided, in coordination with the Basel Committee on Banking Supervision, to cancel the Quantitative Impact Study based on June 2020 data.
European Banking AuthorityEurope
03/25/2020EBA provides clarity regarding COVID-19 measures
The EBA explains aspects on the functioning of the prudential framework in relation to the classification of loans in default, the identification of forborne exposures, and their accounting treatment. The EBA also reminds financial institutions of their consumer protection obligations, temporarily lifts some reporting obligations and calls on payment service providers to raise their contactless payment thresholds to the legal limit.
European Banking AuthorityEurope
03/12/2020EU-wide stress test postponed
The EBA has decided to postpone the EU-wide stress test exercise to 2021. For 2020, the EBA will carry out an additional EU-wide transparency exercise in order to provide updated information on banks’ exposures and asset quality to market participants.
European Banking AuthorityEurope

 

European Securities and Markets Authority (ESMA)

DateContentSourceCountries
04/02/2020ESMA updates its risk assessment in light of the COVID-19 pandemic
ESMA sees a prolonged period of risk to institutional and retail investors due to market corrections and very high risks across the whole of ESMA’s remit.
European Securities and Markets AuthorityEurope
04/02/2020ESMA provides clarifications for best execution reports under MiFID II
ESMA issued a public statement to clarify issues regarding the publication by execution venues and firms of the general best execution reports required under RTS 27 and 28 of MiFID II, in light of the COVID-19 pandemic.
European Securities and Markets AuthorityEurope
03/30/2020ESMA extends deadline for stakeholder group applications
The ESMA is currently seeking applicants for its Securities and Markets Stakeholder Group and is extending the deadline for applications to April 9.
European Securities and Markets AuthorityEurope
03/27/2020ESMA issues guidance on financial reporting deadlines
The ESMA issued a public statement that national competent authorities should temporarily apply forbearance powers towards issuers who need to delay publication of financial reports beyond the statutory deadline.
European Securities and Markets AuthorityEurope
03/27/2020ESMA confirms application date of equity transparency calculations
The ESMA has decided to keep the date of application of the transparency calculations for equity instruments of April 1, 2020 unchanged.
European Securities and Markets AuthorityEurope
03/26/2020ESMA clarifies position on SFTR backloading
The ESMA issued a revised public statement regarding the postponement of the reporting obligations related to securities financing transactions under the Securities Financing Transactions Regulation (SFTR) and under the Markets in Financial Instruments Regulation (MiFIR).
European Securities and Markets AuthorityEurope
03/25/2020ESMA issues guidance on accounting implications of COVID-19
The ESMA has issued a public statement on some accounting implications (e.g. calculation of expected credit losses in accordance with IFRS 9) of the economic support and relief measures adopted by EU Member States in response to the COVID-19 outbreak. 
European Securities and Markets AuthorityEurope
03/20/2020ESMA consultations postponed by four weeks
EU’s securities markets regulator has decided to extend the response date for all ongoing consultations with a closing date on or after March 16 by four weeks.
European Securities and Markets AuthorityEurope
03/20/2020ESMA sets out approach on MIFIR tick-size regime for systematic internalizers
The ESMA issued a public statement to ensure coordinated supervisory actions by national competent authorities on the application of the new tick-size regime under the Markets in Financial Instruments Regulation (MiFIR) and the Investment Firms Regulation (IFR).
European Securities and Markets AuthorityEurope

 

European Insurance and Occupational Pensions Authority (EIOPA)

DateContentSourceCountries
04/02/2020EIOPA urges (re)insurers to temporarily suspend all discretionary dividend distributions and share buy backs
This suspension should be reviewed as the financial and economic impact of COVID-19 starts to become clearer. This prudent approach should also be applicable to the variable remuneration policies.
European Insurance and Occupational Pensions AuthorityEurope
04/02/2020EIOPA publishes an update on other measures impacted by COVID-19 pandemic
EIOPA summarizes its actions regarding currently open consultations and requests, public consultations in the process of BoS approval and data requests to financial institutions to start in Q1-Q2.
European Insurance and Occupational Pensions AuthorityEurope
04/01/2020Call to action for insurers and intermediaries to mitigate the impact of COVID-19 on consumers
Among other things, EIOPA asks insurers and intermediaries to provide clear and timely information to consumers on contractual rights, treat consumers fairly, inform consumers about contingency measures and to continue applying product oversight and governance requirements.
European Insurance and Occupational Pensions AuthorityEurope
03/27/2020EIOPA publishes extraordinary information for Solvency II
The EIOPA will carry out extraordinary calculations on a weekly basis to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA).
European Insurance and Occupational Pensions AuthorityEurope
03/20/2020EIOPA extends reporting deadlines
The EIOPA has published recommendations on supervisory flexibility regarding the deadline of supervisory reporting and public disclosure by insurance and reinsurance undertakings
European Insurance and Occupational Pensions AuthorityEurope
Germany

EBundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

DateContentSourceCountries
continually updatedCurrent information from BaFin
BaFin continuously publishes new information on COVID-19 measures taken by the relevant European institutions and BaFin itself. In addition, frequent questions arising in connection with COVID-19 are answered.
Bundesanstalt für FinanzdienstleistungsaufsichtGermany
04/03/2020Market Abuse Regulation: Taking account of the current situation in reporting obligations
BaFin assumes that institutions with reporting obligations pursuant to Article 16 (1) and (2) of the Market Abuse Regulation have suitable systems and processes for monitoring market abuse in order to identify and transmit suspicious orders and transactions to BaFin even under the changed working and general conditions.
Bundesanstalt für FinanzdienstleistungsaufsichtGermany
04/02/2020BaFin and Bundesbank postpone the LSI stress test planned for 2021 until 2022
The provisional timetable, including the trial run planned for autumn 2020, will be put back one year.
Bundesanstalt für FinanzdienstleistungsaufsichtGermany
03/31/2020Countercyclical capital buffer: general ruling to reduce the buffer ratio to 0 percent
BaFin has issued a general ruling on the quota for the domestic countercyclical capital buffer. It has reduced the ratio from 0.25 percent to 0 percent as of April 1, 2020.
Bundesanstalt für FinanzdienstleistungsaufsichtGermany
03/12/2020Operational relief also for LSIs
ECB agrees relief measures for banks with BaFin and other national supervisory authorities—BaFin will also apply the ECB’s agreed relief measures to the supervision of less significant institutions (LSIs).
Bundesanstalt für FinanzdienstleistungsaufsichtGermany
Austria

Österreichische Finanzmarktaufsicht (FMA)

DateContentSourceCountries
continually updatedCurrent information from the FMA
The FMA continuously publishes new information on COVID-19 measures taken by the relevant European institutions and by the FMA itself
Österreichische FinanzmarktaufsichtAustria
04/03/2020Classification of COFAG as a public body
Due to the Austrian federal government’s legally standardized funding obligation and pursuant to Article 116 para 4 CRR, the FMA suggests weighing exposures to COFAG like exposures to the central government, i.e. with a risk weight of 0%.
Österreichische FinanzmarktaufsichtAustria
04/03/2020Austrian insurance companies: dividends and share buybacks
EIOPA and FMA urgently recommend that insurance companies refrain from dividend payments and share buybacks.
Österreichische FinanzmarktaufsichtAustria
03/30/2020Information on deadlines in FMA proceedings during COVID-19 measures
Since March 22, 2020, the following applies to deadlines in pending administrative proceedings to which the AVG, the VStG and the VVG are applicable: The deadlines are interrupted until the end of April 30, 2020. This provision shall apply mutatis mutandis to proceedings before the BVwG.
Österreichische FinanzmarktaufsichtAustria
03/27/2020FMA recommendation on dividend payments and share buybacks during the COVID-19 pandemic
The FMA takes up the recommendation made by the ECB/SSM on March 27, 2020 (ECB/2020/19) regarding dividend payments and share buybacks during the COVID-19 pandemic and applies it in its supervision of less significant institutions (LSIs).
Österreichische FinanzmarktaufsichtAustria
03/19/2020Extension of deadlines for reporting obligations and resolution planning
The FMA is doubling the current response periods for the SREP questionnaires from six to twelve weeks, extending the deadline for replying to the repayment vehicle survey to June 30, 2020, and the procedures (including information gathering) for MREL determination, scheduled for mid-March 2020, will not be initiated until further notice
Österreichische FinanzmarktaufsichtAustria
03/18/2020Ban on short selling
The FMA has issued a decree prohibiting short sales of certain financial instruments listed on the Vienna Stock Exchange
Österreichische FinanzmarktaufsichtAustria
Switzerland

Schweizerische Nationalbank (SNB)

DateContentSourceCountries
03/25/2020SNB creates SNB-COVID 19 refinancing facility (CRF)
The CRF is unlimited in terms of contributions, and withdrawals can be made at any time. In addition, the SNB submits an application to deactivate the countercyclical capital buffer.
Schweizerische NationalbankSwitzerland

 

Eidgenössische Finanzmarktaufsicht (FINMA)

DateContentSourceCountries
03/31/2020Temporary exemptions for banks
The FINMA provides the banks with clarifications for dealing with the COVID-19 loans with federal guarantees within the framework of the capital and liquidity requirements, on temporary exemptions relating to the leverage ratio and on risk diversification requirements. FINMA also provides information about the expected credit loss approach under IFRS 9 and its application in the context of the COVID-19 crisis.
Eidgenössische FinanzmarktaufsichtSwitzerland
03/25/2020FINMA grants exemption for leverage ratio calculation
FINMA temporarily allows banks to calculate the leverage ratio without central bank reserves. The measure will initially apply until 07/01/2020.
Eidgenössische FinanzmarktaufsichtSwitzerland
United Kingdom

Bank of England (BoE)

DateContentSourceCountries
continually updatedCurrent information from BoE
The BoE summarizes its responses to COVID-19
Bank of EnglandUnited Kingdom
04/06/2020TFSME will open for drawings on April 15, 2020
The Bank of England’s Term Funding Scheme with additional incentives for SMEs will open to drawings on April 15, 2020, sooner than previously anticipated.
Bank of EnglandUnited Kingdom
03/24/2020BoE launches Contingent Term Repo Facility
In response to financial market conditions the BoE is activating the CTRF—a temporary enhancement to its sterling liquidity insurance facilities.
Bank of EnglandUnited Kingdom
03/23/2020COVID-19 regulatory reporting amendments for UK insurers
The BoE outlines the PRA's approach to regulatory reporting for UK insurers in response to COVID-19 and EIOPA's recommendations
Bank of EnglandUnited Kingdom
03/20/2020BoE announces supervisory and prudential policy measures
Among others, the Bank's 2020 annual stress test is canceled, the biennial exploratory scenario timetable is amended and the joint Bank / Financial Conduct Authority survey into open-ended funds is postponed.
Bank of EnglandUnited Kingdom
03/11/2020BoE: Term Funding Scheme with additional incentives for SMEs (TFSME)
The TFSME is designed to provide participants with a cost-effective source of funding to support additional lending to the real economy and to ensure that businesses and households benefit from reductions in the Bank Rate
Bank of EnglandUnited Kingdom

 

Financial Conduct Authority (FCA)

DateContentSourceCountries
continually updatedFCA information for firms on coronavirus (Covid-19) response
Our rules give firms the ability to consider their arrangements and customers’ circumstances. We welcome firms reviewing their current arrangements to address the evolving situation while managing the risks to their employees, customers and the impact on the market.
Financial Conduct AuthorityUnited Kingdom
04/03/2020Joint FCA and PRA statement on the Senior Managers and Certification Regime
We recognize that firms directly affected by coronavirus will need to keep their governance arrangements under review. Where we can, we intend to provide flexibility to FCA and PRA dual-regulated firms.
Financial Conduct AuthorityUnited Kingdom

The sources mentioned here were selected and compiled by zeb. They do not represent a complete record of the Corona pandemic and its consequences. The sources were checked by zeb, but no liability can be assumed for their accuracy. The information on this page is regularly updated and added to. Please feel free to contact zeb below.

Feel free to contact us

Profilfoto_Bauer_Ekkehard

Dr. Ekkehardt Bauer

Senior Manager