Though the economic shock from the Covid-19 pandemic has not led to immediate changes in the underlying credit strength of banks, many will become increasingly vulnerable as the crisis draws on, warned Moody’s Investors Service. 

Fitch Ratings said it will continue to consider EU banks' IFRS-9 expected credit losses (ECLs) alongside headline reported common equity Tier 1 (CET1) ratios, when rating their capital strength. 

The UK is sticking to the Brexit deadline as it starts trade talks with the US while negotiations stall with the EU leaving bankers concerned over a deal on financial services. 

The US Securities and Exchange Commission (SEC) amended its rules for securities clearing agencies to apply enhanced standards to all SEC-registered central counterparties and central securities depositories.

US federal prudential regulators have modified the liquidity coverage ratio (LCR) for banks participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.

The US Federal Reserve has extended by 18 months initial compliance dates for parts of the single-counterparty credit limit rule. 

US federal prudential regulators have extended the consultation period for proposed guidance for resolution plans submitted by certain large foreign banks by 30 days. 

The Financial Stability Board (FSB) said it is carefully monitoring the key nodes of the financial system and that so far it is more resilient than before and is in a better position to sustain the economy thanks to the G20-inspired reforms. 

A proposal by the New York state legislature to diffuse the legal uncertainty and adverse economic impacts on the move to alternative interest rates has been released by the Alternative Reference Rates Committee (ARRC).

In a bid to restart the Covid-19 impacted Chinese economy, the People’s Bank of China (PBoC) said on March 30, that it is injecting 50bn yuan ($7bn) into the banking system.