European bank lobby asks regulators for pandemic relief

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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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