UK Regulatory Authorities published statements and guidance addressed to financial entities on dealing with the impact of the coronavirus (COVID-19) outbreak.
March 26, 2020
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Considering the challenges posed by the COVID-19 pandemic, ISDA submitted a letter on behalf of 21 industry associations and their members requesting BCBS, IOSCO, and global regulators to suspend the current timeline for the initial margin phase-in.
March 26, 2020
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In response to the COVID-19 outbreak, FCA, the Financial Reporting Council (FRC), and PRA have announced a series of actions and made statements to support the continued functioning of capital markets in the UK.
March 26, 2020
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EC published the EU Delegated Regulation 2020/442, which corrects the EU Delegated Regulation 2015/35 that supplements Solvency II Directive (2009/138/EC).
March 26, 2020
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FED and FFIEC announced regulatory reporting relief to financial institutions due to disruptions caused by the COVID-19.
March 26, 2020
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EBA and ESMA issued statements to address certain accounting implications of the economic support and relief measures adopted by EU member states in response to the COVID-19 crisis.
March 25, 2020
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IOSCO members are cooperating closely on their responses to the COVID-19-related disruption in capital markets.
March 25, 2020
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In an effort to mitigate the impact of economic disruptions due to the COVID-19 outbreak, Money Market Mutual Fund Liquidity Facility (MMLF) was launched in the US to enhance the liquidity and functioning of money markets and to support the economy.
March 25, 2020
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ESRB updated the list of countercyclical capital buffer (CCyB) rates applicable in countries in the Eurosystem.
March 24, 2020
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FHFA adopted a final rule that amends the stress testing rule, in line with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
March 24, 2020
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APRA has temporarily suspended the program to replace the Direct to APRA (D2A) data collection tool with APRA Connect, in light of the challenges posed by COVID-19.
March 24, 2020
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IOSCO published a report that examines the regulatory issues arising from the use of global stablecoins and explores how existing IOSCO Principles and Standards could apply to these arrangements.
March 23, 2020
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PRA outlined its approach to regulatory reporting for UK insurers in response to COVID-19 and the recommendations of EIOPA on the supervisory reporting deadlines, which were published on March 20, 2020.
March 23, 2020
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In light of recent disruptions in economic conditions due to the COVID-19 outbreak, FED issued an interim final rule that revises the definition of eligible retained income for the purposes of the total loss-absorbing capacity (TLAC) rule of FED.
March 23, 2020
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APRA has suspended the majority of planned policy and supervision initiatives in response to the COVID-19 disruption.
March 23, 2020
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The US regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.
March 22, 2020
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BoE and PRA announced a number of supervisory and prudential policy measures to alleviate operational burdens on PRA-regulated firms and BoE-regulated financial market infrastructures (FMIs) in the wake of the COVID-19 outbreak.
March 20, 2020
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APRA, the Reserve Bank of Australia (RBA), and the Australian Bureau of Statistics (ABS) released a letter to all authorized deposit-taking institutions and registered financial corporations.
March 20, 2020
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EC has adopted a temporary framework to allow member states to make full use of the flexibility provided by the State aid rules to support economy in the context of the COVID-19 outbreak.
March 20, 2020
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FSB issued a statement that it is actively cooperating to maintain financial stability during market stress related to COVID-19.
March 20, 2020
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ECB announced further measures to ensure that the banks it directly supervises can continue to fulfill their role to fund households and corporations amid the COVID-19 economic shock.
March 20, 2020
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BCBS announced that it continues to assess and address the banking and supervisory implications of COVID-19 and is actively coordinating with FSB and other standard-setting bodies on cross-cutting financial system issues.
March 20, 2020
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ESMA decided to extend the response date for all ongoing consultations with a closing date on, or after, March 16 by four weeks.
March 20, 2020
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In light of the recent disruptions in economic conditions caused by COVID-19, US Agencies (FDIC, FED, and OCC) announced two actions.
March 20, 2020
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FSB published a report on the peer review of implementation of the G20 commitments on over-the-counter (OTC) derivatives reforms in Mexico.
March 19, 2020
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APRA announced temporary changes to its expectations regarding bank capital ratios, to ensure banks are well-positioned to continue to provide credit to the economy in the current challenging environment.
March 19, 2020
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The Financial Stability Board of MNB has set out a comprehensive package of financial measures to mitigate the impact of COVID-19 outbreak on the financial intermediary system.
March 19, 2020
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IAIS published an issues paper that examines the use of big data analytics in insurance and presents supervisory considerations for regulators in various IAIS jurisdictions.
March 19, 2020
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BCBS published reports assessing the implementation of net stable funding ratio (NSFR) standard and the large exposures framework in Hong Kong SAR, Indonesia, and Singapore.
March 19, 2020
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The FDIC Chair Jelena McWilliams wrote a letter to FASB urging a delay in transitions to, and exclusions from, certain accounting rules.
March 19, 2020
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