Financial institutions operating across countries must make quick sense of the governmental/regulatory response to the COVID-19 pandemic in their home country and the host countries in which operate. Our global FIA team has prepared the following FAQs to provide financial institutions with a cross-border perspective in navigating and taking full advantage of the governmental/regulatory response to the COVID-19 pandemic.
This FAQ offers financial institutions a general overview of the expectations of home and host country regulators for financial institutions in dealing with governmental responses to the COVID-19 pandemic.
This FAQ enables financial institutions to determine (a) home and host country regulatory expectations for continued lending and (b) the availability of key liquidity and funding schemes established by home and host country central banks and regulators.
This FAQ enables financial institutions to determine eligibility to participate in government-sponsored liquidity/financing schemes for consumer and businesses affected by the COVID-19 pandemic.
This FAQ enables financial institutions to identify the effect on existing loan portfolios of emergency legislation and actions by financial regulators to provide relief to consumers and businesses affected by the COVID-19 pandemic.
This FAQ enables financial institutions a tool to determine at a glance the scope of relief available from home and host country regulatory capital, leverage and stress testing requirements that otherwise would apply.
This FAQ gives financial institutions a tool to determine at a glance whether emergency regulatory measures restrict the payment of dividends or other capital distributions to shareholders or by subsidiaries to the parent.
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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. Attorney Advertising.
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