The European Banking Authority has published three statements providing clarity on measures to mitigate the impact of COVID-19 on the EU banking sector. The statements are:
View the statement on supervisory reporting and Pillar 3 disclosures.
View the statement on dividends distribution, share buybacks and variable remuneration.
View the statement on actions to mitigate financial crime risks.
View details of the EBA's statement on March 12, 2020.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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