European bank lobby asks regulators for pandemic relief

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European bank lobby asks regulators for pandemic relief

Coronavirus_symptoms_PA_120320
A notice instructs people with symptoms of the covid-19 coronavirus not to enter St Mary's Hospital in London, England, on March 11, 2020. The hospital houses a dedicated 'coronavirus pod' isolation unit for symptomatic patients. In the UK, 460 people have now been confirmed to have the virus. Six patients with coronavirus have so far died in hospitals around the country. The World Health Organisation (WHO) meanwhile today officially designated the global spread of the illness as a pandemic. (Photo by David Cliff/NurPhoto) | David Cliff/NurPhoto/PA Images

Members of the European Banking Federation have called on supervisory authorities for help through the ‘temporary struggle’ of the Covid-19 pandemic, asking them for looser capital and liquidity requirements and special treatment of lending impacted by the virus.

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