The following Financial Services practice note provides comprehensive and up to date legal information covering:
This Practice Note summarises the new targeted banking package of measures proposed by the European Commission in April 2020 to address the impact of the coronavirus (COVID-19). The package comprises an Interpretative Communication on the flexibility within EU accounting and prudential rules, and Regulation (EU) 2020/873 (OJ L 204/4) which makes targeted amendments to the Capital Requirements Regulation (EU) 575/2013 (EU CRR) to encourage banks to lend to mitigate the coronavirus’s economic impact.
On 28 April 2020, the European Commission adopted a banking package aimed at facilitating bank lending to households and businesses throughout the EU. The package sought to encourage banks to make full use of the flexibility embedded in the EU’s prudential and accounting framework so that banks could fully support citizens and companies during the pandemic by providing funding. Consisting of targeted ‘quick fix’ amendments to EU banking rules set out in the EU CRR, as well as an Interpretative Communication on the EU’s accounting and prudential frameworks, the package clarified how the existing rules could be applied more flexibly and in a coherent manner across the EU while ‘maintaining a prudent approach so as to preserve financial stability’.
Commenting on the announcement of the proposed package, the European Commission’s executive vice-president for an economy that works for people, Valdis Dombrovskis, said ‘we are supporting households and businesses
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On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
Voluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished responsibility or suicide
There may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the shoes of one of the original parties. This is
This Practice Note identifies the main torts (bar negligence and nuisance, which are covered elsewhere in our related content) and their key characteristics. Specifically:•trespass to land•trespass to the person•privacy/defamation•liability for animals•employers' liability•product
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