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Coronavirus (COVID-19)—European Scrutiny Committee presses government on proposed amendments to CRR

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Published on: 22 May 2020

Published by LNB News

LNB News 22/05/2020

Document Information

Issue Date: 22 May 2020

Published Date: 22 May 2020

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union

Article summary

The chair of the European Scrutiny Committee, Sir William Cash MP, has written to the economic secretary to the Treasury, John Glen MP, asking for further details of the UK government’s position on the European Commission’s 28 April 2020 proposal for changes to the Capital Requirements Regulation (EU) 575/2013 (CRR) to soften the impact of prudential rules on banks’ lending to businesses during the coronavirus (COVID-19) pandemic.

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