Bank of England announces supervisory and prudential policy measures to address the challenges of Covid-19. This statement follows the announcement by the Bank of England setting out measures to respond to the economic shock from Covid-19 from its three policy committees on 11 March 2020.
Interview RTL (FR) Le gouverneur François Villeroy de Galhau était l’Invité RTL dans l’émission de Alba Ventura : « L’économie française résiste plutôt bien »
Norges Bank reduces the key rate by 0.75 percentage points to 0.25 per cent.At an extraordinary meeting on March 19, Norges Bank’s Committee on Monetary Policy and Financial Stability unanimously decided to reduce the key policy rate by 0.75 percentage points to 0.25 percent.
ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP).
ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity.
Coordinated central bank action to further enhance the provision of US dollar liquidity
Analysis by Shearman & Sterling LLP – about the economic and operational stresses caused by the Novel Coronavirus (COVID-19). We have already commented on the position for broker-dealers and now comment more broadly for banks as well as broker-dealers, and on a trans-Atlantic basis. You may also like to see our other client notes relating to the impact of COVID-19, such as the impact for derivatives and the use of force majeure provisions in commercial contracts.