European bank lobby asks regulators for pandemic relief

By Tyler Davies
12 Mar 2020

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.

The EBF made the request in a letter sent to the heads of the European Commission, the European Central Bank and the European Banking Authority.

It described the Covid-19 outbreak as a “source of serious challenge to the economy” and said that banks would need to be assisted ...

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