EBA published an overview of the public guarantee schemes implemented in response to the COVID-19 pandemic. The overview lists 47 public guarantee schemes, of which 43 are from EU member states and 4 from European Economic Area members. The overview includes factual information about the guarantor, the region, or district covered by the scheme. It also clarifies whether a scheme is targeted to new lending or to existing exposures, the type of obligors or exposures covered by the scheme, and the level of coverage of exposures by the guarantee. A link to additional documentation for each scheme is also provided. This publication complements the information included in the EBA report on the implementation of selected COVID-19 policies.
Keywords: Europe, EU, Banking, COVID-19, Basel, Reporting, Loan Guarantee, Credit Risk, EBA
Previous ArticleBCB Announces Measures for SMEs in Response to COVID-19 Pandemic
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.