ESRB published a compilation of national-level policy measures issued by EU member states in response to the COVID-19 pandemic. ESRB has published a comprehensive list of policy measures for each member country, with description of the measure and the sector the measure applies to. In addition, ESRB has a spreadsheet that provides information on the policy measures taken by member states, EU institutions, and national authorities in response to the COVID-19 pandemic. For each measure in a country, the spreadsheet provides information on the description, adoption date, implementation date, applicability period, targeted sector/sub-sectors, and links to the guidance/requirements of the respective national regulator. ESRB plans to update these resources regularly.
Keywords: Europe, EU, Banking, COVID-19, National Policy Measures, EU Member States, ESRB
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BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.