Prudential Regulation Review

Article

Prudential Regulation Review 

May 2020

Prudential Regulatory Review is a monthly newsletter dedicated to summarising all major risk and regulatory updates.

Prudential Regulation Review - latest edition

COVID-19 and its economic impact continued to dominate the news agenda throughout April.

At the European level, the ECB announced that it was changing its rules so that it will accept bonds that lose their investment-grade credit rating as collateral in exchange for cheap liquidity funding available to banks. Any bonds rated as investment grade on April 7 will continue to be eligible
even if they are downgraded below the triple-B level by the main credit rating agencies as long as their rating remains no more than two notches below investment grade. However, these assets will be subjected to “haircuts” to reduce their value as collateral based on their latest credit rating.

For a full list of COVID-19 related regulatory, monetary and fiscal policy initiatives, please see our report available here.

Other topics covered include:

  • COVID-19
  • Banking
  • Capital Markets
  • Investment Management
  • Central Bank of Ireland
Prudential Regulation Review May 2020

EMEA Centre of Regulatory Strategy

If you would like to contact a member of the EMEA Centre for Regulatory Strategy then please click on the below links:

Rod Hardcastle - Director, Centre for Regulatory Strategy UK

John Andrews - Senior Manager, Centre for Regulatory Strategy UK

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