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Coronavirus (COVID-19)—PRA statement and UK Finance comments on changes to CBILS and CLBILS

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Published on: 28 April 2020

Published by LNB News

LNB News 28/04/2020

Document Information

Issue Date: 28 April 2020

Published Date: 28 April 2020

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

Article summary

The Prudential Regulation Authority (PRA) has issued a statement in response to the changes to the UK Coronavirus Business Interruption Loan Scheme (CBILS) and the UK Coronavirus Large Business Interruption Loan Scheme (CLBILS) announced by the government on 27 April 2020. The PRA’s statement, which is intended to complement the government’s announcement, explains the regulatory treatment of the CBILS and CLBILS under the Capital Requirements Regulation (EU) 575/2013 (CRR).

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