The ongoing COVID-19 outbreak presents multiple challenges to the financial sector worldwide.
Across the European Union and the United Kingdom, governments and regional authorities have been working continuously as of the start of March 2020, to rollout various relief measures to support businesses and financial services that may be facing difficulty as a result of COVID-19.
In order to assist our clients in keeping up to date with regulators’ positions, we have consolidated under this document the most relevant communications issued to date by EU and UK regulatory authorities in response to the COVID-19 pandemic, with respect to capital markets and the banking and insurance regulated sectors.
In addition, where relevant in respect of each regulatory statement, this summary will be routinely updated to also include links to alert memoranda published by our firm, providing certain rolling analyses and our latest thinking in respect of the underlying regulatory changes.
This summary document will be updated at regular intervals as the COVID-19 emergency continues to evolve. Cleary’s COVID-19 client task force is at the ready to assist at any time – click here to contact us. For more information, please consult the COVID-19 Resource Center.
Please click here to read the full alert memorandum.