COVID-19 – Regulatory Update

We are all closely following the various measures being adopted by government agencies, regulators and central banks to mitigate the economic consequences of the spread of COVID-19. On this page, we have compiled links to what we consider to be important daily updates on economic developments surrounding the coronavirus crisis, links to reports on the short- and medium-term economic impact of the ongoing crisis, an overview of specific measures, legislation and policies adopted by policymakers and supervisory authorities, and publications and assessments from market participants.

COVID-19: Daily Updates


Economic Analyses


Summary of Measures & Analysis

DateTypeAuthorityLanguageTopic
04.06.2020Central BankECBECB extends Covid-19 emergency stimulus by €600bn
03.06.2020GovernmentBundesregierungKonjunkturpaket Deutschland: "Ein ambitioniertes Programm" 
27.05.2020GovernmentEU COMRecovery plan for Europe
25.05.2020SupervisorEBACOVID-19 is placing unprecedented challenges on EU banks
22.05.2020GovernmentBundesregierung (BMF/BMWi)Corona-Schutzschild der Bundesrepublik Deutschland
13.05.2020SupervisorESMAESMA highlights challenges for rating Collateralised Loan Obligations and impact of Covid-19
06.05.2020SupervisorEBAEBA proposes framework for STS synthetic securitisation
05.05.2020Federal Constitutional CourtBundesverfassungsgerichtECB decisions on the Public Sector Purchase Programme exceed EU competences
28.04.2020GovernmentEU COMBanking package to facilitate lending to households and businesses in the EU
22.04.2020Central Bank ECBSteps to mitigate impact of possible rating downgrades on collateral availability
22.04.2020SupervisorEBATreatment of Covid-19 Measures for Securitised Exposures 
20.04.2020ResearchEBI European Banking InstituteReport on the ‘Pandemic Crisis-related’ Economic Policy and Financial Regulation Measures: International, EU and Euro Area Levels
17.04.2020Chamber of CommerceDIHKSo unterstützen AHKs Unternehmen weltweit in der Krise
16.04.2020GovernmentBundesregierung (BMF/BMWi)Bundesregierung sichert Warenverkehr ab
14.04.2020SupervisorEBAEU banks sail through the Corona crisis with sound capital ratios
08.04.2020SupervisorEBAEBA updates impact of the Basel III reforms on EU banks’ capital and compliance with liquidity measures 
07.04.2020Central BankECBECB announces package of temporary collateral easing measures
06.04.2020GovernmentEU COM & EIFEU COM and EIF (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses
02.04.2020GovernmentEU COMState Aid: EU COM extends Temporary Framework to allow Member States to fully guarantee (100%) loans to SMEs
02.04.2020SupervisorEBAGuidelines on treatment of public and private moratoria in light of COVID-19 measures 
02.04.2020GovernmentBundesregierungKfW-Sonderprogramm: 2020 Große Nachfrage nach Corona-Hilfskrediten
31.03.2020SupervisorEBAEBA provides additional clarity on measures to mitigate the impact of COVID-19 on the EU banking sector 
27.03.2020SupervisorECBECB asks banks not to pay dividends until at least October 2020
27.03.2020SupervisorBIS BIS announces deferral of Basel III implementation to increase operational capacity of banks and supervisors
27.03.2020GovernmentDeutscher BundestagWirtschaftsstabilisierungsfondsgesetz – WStF
27.03.2020GovernmentDeutscher BundestagGesetzes zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und Strafverfahrensrecht
27.03.2020AccountingBDOAuswirkungen auf internationale Rechnungslegung und Regulatorik von Banken
25.03.2020SupervisorEBAEBA provides clarity to banks and consumers on the application of the prudential framework
25.03.2020SupervisorESMAESMA Guidance on Accounting implications of the COVID-19 outbreak
25.03.2020Central BankECBECB Decision on €750bn temporary PEPP (pandemic emergency purchase programme)
22.03.2020Press & ResearchSachverständigenratGerman Council of Experts: Economic Outlook in the Coronavirus Pandemic
21.03.2020SupervisorFCAFCA requests delay announcement of preliminary financial accounts
19.03.2020AccountingKPMGBanksteuerung in Krisenzeiten: Wesentliche Handlungsfelder aufgrund COVID-19
19.03.2020GovernmentEU CommissionTemporary Framework for State aid measures to support the economy
18.03.2020Central BankECBECB announces €750bn Pandemic Emergency Purchase Programme (PEPP)
16.03.2020GovernmentBMJVInsolvenzantragspflicht für durch die Corona-Epidemie geschädigte Unternehmen aussetzen
16.03.2020Public BankEIBEIB Group will rapidly mobilise up to EUR 40 billion to fight crisis
12.03.2020SupervisorECBECB Banking Supervision provides temporary capital and operational relief in reaction to coronavirus
12.03.2020SupervisorEBAEU-wide stress test postponed to 2021 to allow banks to prioritise operational continuity.
Competent authorities should make full use, where appropriate, of flexibility embedded in existing regulation
12.03.2020SupervisorBaFinEinheitlicher Aufsichtsmechanismus SSM: EZB beschließt mit BaFin und weiteren nationalen Aufsichtsbehörden Entlastungen für Banken; BaFin wendet Maßnahmen auch für weniger bedeutende Institute (LSI) an