Responding to COVID-19
In response to the unprecedented economic and operational challenges arising from the global COVID-19 pandemic, financial regulators have reacted rapidly to support firms in maintaining their financial and operational resilience. Alongside government funding initiatives, regulators have deployed a variety of forbearance measures, from encouraging firms to use capital and liquidity buffers, to postponing stress tests, to delaying implementation of new and amended regulation. In many cases, non-essential supervisory activities have also been suspended or postponed. The Regulatory Insight Centre is tracking these measures and continues to publish updates on the latest guidance and its impact for firms.