Financial institutions general regulatory news, March 2020 #2

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COVID-19: BoE and PRA measures -

The Bank of England (BoE) and Prudential Regulation Authority (PRA) have announced a number of measures aimed at alleviating operational burdens on PRA-regulated firms and BoE-regulated financial market infrastructures (FMIs) in response to COVID-19. These measures will provide flexibility to help firms and FMIs maintain their safety and soundness and deliver the critical functions they provide to the economy.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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