The Central Bank of Iceland and the Ministry of Finance and Economic Affairs have sealed an agreement on Treasury guarantees of credit institutions’ supplemental lending to businesses in response to the COVID-19 pandemic.   The scheme aims to support companies that are severely impacted by the coronavirus pandemic and the

Malta’s Minister for Public Health, in consultation with the Minister for Finance and Financial Services, has issued Moratorium on Credit Facilities Regulations in Exceptional Circumstances (Directive).    The Directive mandates licensed credit and financial institutions to offer a six-month moratorium on repayments on capital and interest to borrowers who have

HM Treasury and the Bank of England (the Bank) have agreed to extend temporarily the use of the government’s long-established Ways and Means (W&M) facility.    As a temporary measure, this will provide a short-term source of additional liquidity to the government, if needed, during the pandemic.   The W&M

The European Central Bank (ECB) has adopted a package of temporary collateral easing measures to facilitate the availability of eligible collateral for Eurosystem counterparties to participate in liquidity providing operations.    The package is complementary to the ECB’s other recent measures, including additional longer-term refinancing operations and the Pandemic Emergency

The Swiss Financial Market Supervisory Authority (FINMA) has published further guidance in response to the COVID-19 pandemic.   The FINMA guidance informs supervised financial institutions about exemptions and clarifications related to the regulator’s supervisory practice in the context of the COVID-19 crisis.   Photo Credit: Pixabay