Banking Regulation Adjustments for COVID-19 Response

by name voted on 18.06.2020

Summary

This regulation amends EU banking rules to provide temporary relief and flexibility to credit institutions facing the economic impact of COVID-19, ensuring they can continue lending to businesses and households.

9 18.06.2020

Other

finance

economy

public finance and budget policy

Key points

The regulation provides temporary relief to prevent sudden fluctuations in bank capital caused by new accounting standards.
Transitional arrangements for accounting standards are extended to reduce capital volatility.
Banks can temporarily adjust how they account for unrealized gains and losses on public debt to protect their capital from market volatility.
Risk weights for exposures to certain central governments and banks are adjusted to facilitate public financing.

Vote

PPE

S&D

Renew

ID

Verts/ALE

ECR

GUE/NGL

NI

Total

Documents (PDFs)

REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards adjustments in response to the COVID-19 pandemic Amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards adjustments in response to the COVID-19 pandemic ***I

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