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Coronavirus Resource Page

Quick Links:  Federal Reserve Board  |  New York State/Federal Reserve Bank of New York  |  New York Department of Financial Services  |  FDIC  | 

CFTC  |  Treasury Department OCC  |  SEC  |  Health Agencies  |  FINRA  |  NFA  |  International Regulatory Bodies  |  Other


Federal Reserve Board

Federal Reserve (and Other Bank Regulatory Agencies) Announce Temporary Modification to SLR

Federal Reserve Publishes Updates to TALF Term Sheet and Disclosure Information for TALF and PPPLF

Federal Reserve Publishes Updates to MLF Term Sheet

Federal Reserve (and Other Bank Regulatory Agencies) Modify LCR for Banks Participating in MMLF and PPPLF

Federal Reserve Extends Initial Compliance Dates for its SCCL Rule

Federal Reserve Eliminates Transfer Limits on Savings Deposits

Federal Reserve Expands Scope and Duration of Municipal Liquidity Facility
 
Federal Reserve and FDIC Extend Deadline to Submit Comments for the Proposed Guidance for Resolution Plans Submitted by Certain Large Foreign Banks

Federal Reserve Interim Final Rule Allowing Certain Bank Directors and Shareholders to Apply for PPP Loans for their Small Businesses

Federal Reserve COVID-19 Supervisory and Regulatory FAQs

Revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus

The Federal Reserve, FDIC, OCC, CFTC, and SEC Extended the Comment Period on the Volcker Rule Covered Funds Proposal until May 1, 2020

Federal Reserve Temporarily Modifies Supplementary Leverage Ratio to Allow for Increased Lending Capacity

Federal Reserve Announces Delay to New Bank Control Framework

- The Federal Reserve Board on 3/31/2020 announced that it will delay by six months, to September 1, 2020, the effective date for its revised Bank Holding Company Act control framework. The delay will reduce operational burden and allow institutions to focus on current economic conditions.

Federal Reserve Announces Establishment of Foreign and International Monetary Authorities Temporary Repurchase Agreement Facility

- The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve.

Federal Reserve Announces Rule to Allow Banks Who are Required to Adopt CECL this Year to Mitigate the Regulatory Capital Effects for up to Two Years

Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19
 
Federal Reserve Offers Regulatory Reporting Relief to Small Financial Institutions Affected by the Coronavirus

FRB Coronavirus Resource Page

Federal Reserve FAQs on Its Commercial Paper Funding Facility

Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus

Federal Reserve Announces Reduction in Non-Critical Oversight of Banks

Federal Reserve Announces Implementation Delay for Changes to its Payment System Risk Policy Regarding Intraday Credit

Federal Reserve Board Announces Technical Change to Support the U.S. Economy and Allow Banks to Continue Lending to Creditworthy Households and Businesses

Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19
 
Federal Reserve Issues FOMC Statement on Tools to Support the U.S. Economy
 
Federal Reserve Announces Extensive New Measures to Support the Economy

Federal Reserve Board Expands Its Program of Support for Flow of Credit to the Economy by Taking Steps to Enhance Liquidity and Functioning of Crucial State and Municipal Money Markets

CRA Consideration for Activities in Response to the Coronavirus

Coordinated Central Bank Action to Further Enhance the Provision of U.S. Dollar Liquidity

Federal Reserve Encouraged by Increased Use of the Discount Window

Federal Reserve Announcement of Temporary Dollar Liquidity Arrangements with Other Central Banks

Interim Final Rule for Money Market Liquidity Facility

Q&A on Usage of Capital and Liquidity Buffers

Federal Reserve Establishes Money Market Mutual Fund Liquidity Facility

 - The Federal Reserve Board on Wednesday broadened its program of support for the flow of credit to households and businesses by taking steps to enhance the liquidity  and functioning of crucial money markets. Through the establishment of a Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will make loans available to eligible financial institutions secured by high-quality assets purchased by the financial institution from money market mutual funds.

Federal Reserve Announcement of Primary Dealer Credit Facility

 - The Primary Dealer Credit Facility will offer overnight and term funding with maturities up to 90 days and will be available on March 20, 2020. It will be in place for at least six months and may be extended as conditions warrant. Credit extended to primary dealers under this facility may be collateralized by a broad range of investment grade debt securities, including commercial paper and municipal bonds, and a broad range of equity securities. The interest rate charged will be the primary credit rate, or discount rate, at the Federal Reserve Bank of New York.

Federal Reserve Establishment of a Commercial Paper Funding Facility

- The commercial paper market has been under considerable strain in recent days as businesses and households face greater uncertainty in light of the coronavirus outbreak. By eliminating much of the risk that eligible issuers will not be able to repay investors by rolling over their maturing commercial paper obligations, this facility should encourage investors to once again engage in term lending in the commercial paper market. An improved commercial paper market will enhance the ability of businesses to maintain employment and investment as the nation deals with the coronavirus outbreak.

The Treasury will provide $10 billion of credit protection to the Federal Reserve in connection with the CPFF from the Treasury's Exchange Stabilization Fund (ESF). The Federal Reserve will then provide financing to the SPV under the CPFF. Its loans will be secured by all of the assets of the SPV.

Federal Agencies Encouraging Use of Capital and Liquidity Buffers to Support Lending

Federal Reserve Statement Encouraging Banks to Use the Discount Window

Federal Reserve Guidance on Supervisory Practices Regarding Financial Institutions Affected by Coronavirus

Federal Reserve Press Release Encouraging Banks to Help Customers

New York State & Federal Reserve Bank of New York

New York Fed Launches Resource Hub for Coronavirus

NY Fed’s FFIEC 002 Transmittal Letter for the March FFIEC 002 Report

NY Fed FAQs on PMCCF and SMCCF

FRBNY Opens Registration Process for Commercial Paper Funding Facility

Executive Order Regarding 90-Day Forbearance for Any Person or Business Facing Financial Hardship, Mortgage Forbearance for Any Consumer, and Waiving ATM, Overdraft, and Late Fees

Executive Order Tolling Deadlines for Commencing or Filing or Service in Any Legal Actions and Suspending Requirements for Annual Shareholder Meetings to Take Place in Person

Guidance Stating that Financial Institutions, Including Banks, Insurance, Payroll, Accounting, and Services Related to Financial Markets are Considered Essential Services Exempt from the Executive Order Requiring All Non-Essential Business to Close

NY Fed Primary Dealer Credit Facility

FRBNY FAQs on Primary Dealer Credit Facility

New York Department of Financial Services

NYDFS Provides Temporary Relief Concerning In-Person and Shareholder Meetings

NY DFS Coronavirus Resource Page for Regulated Entities

NY DFS Coronavirus Resource Page for Consumers

FDIC

FDIC Coronavirus Resource Page

FDIC, Federal Reserve, and OCC Issue Interim Final Rule Allowing Banking Organizations to Neutralize the Regulatory Capital Effects of Participating in the PPP

FDIC Updates Steps to Protect Banks and Consumers and to Continue Operations

Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts

Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus

Joint Statement on CRA Consideration for Activities in Response to the Coronavirus

Frequently Asked Questions For Financial Institutions and Consumers Affected by the Coronavirus

FDIC Chairman Urges FASB to Delay Certain Accounting Rules Amid Pandemic

FDIC Warning on Scams Using Agency’s Name

FDIC Guidance on Steps to Protect Banks and Consumers

FDIC Guidance Regarding Coronavirus Regulatory Relief

FDIC Press Release Encouraging to Help Customers

CFTC

CFTC Issues Temporary Waiver for Foreign Affiliates of Futures Commission Merchants

CFTC Coronavirus Landing Page

CFTC Issues Third Wave of Relief to Market Participants in Response to COVID-19

CFTC Customer Advisory on Coronavirus

Chairman Tarbert Highlights CFTC Reponse to Coronavirus

CFTC Guidance for Remote Work for Traders

CFTC Relief for Market Participants

Treasury Department

FinCEN FAQs on BSA Requirements for the Paycheck Protection Program

FinCEN Provides Updated Guidance on BSA Obligations and Disbursal of Funds under CARES Act

Treasury Issues Guidance on SBA Paycheck Protection Program Lending

FinCEN Guidance on Coronavirus-Related Concerns

Statement of G7 Finance Ministers and Central Bank Governors
 
Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers

OCC

OCC and the Fed Release Joint Response about the Effect of Recent Financial Market Volatility on the Market Risk Capital Rule

OCC Coronavirus Resource Page

OCC Revises Short-Term Investment Fund Rule

Joint Statement on CRA Consideration for Activities in Response to the Coronavirus

OCC Guidance on Pandemic Planning

OCC Guidance on Declaring a Bank Holiday in Light of a Natural Disaster

SEC

SEC COVID-19 Related FAQs

SEC Provides Temporary Additional Flexibility to Registered Investment Companies Affected by Coronavirus

SEC Extends Conditional Exemptions From Reporting and Proxy Delivery Requirements for Public Companies, Funds, and Investment Advisers Affected By Coronavirus Disease 2019 (COVID-19)
 
SEC Provides Additional Temporary Regulatory Relief and Assistance to Market Participants Affected by COVID-19

SEC Enables Immediate Effectiveness of Proposed Rule Change to Facilitate NYSE Electronic Auctions in Light of Temporary Closure of Physical Trading Floor

SEC Provides Conditional Regulatory Relief for Registered Transfer Agents and Certain Other Persons Affected by the Coronavirus Disease 2019 (COVID-19)


Health Agencies

CDC Guidance on the Coronavirus

CDC Travel Guidance on the Coronavirus

CDC Communication Resources on the Coronavirus

World Health Organization Guidance on the Coronavirus


Small Business Administration

SBA Releases Second Round Data for the PPP

Paycheck Protection Program Interim Final Rule

Paycheck Protection Program FAQ

Paycheck Protection Program Lender Application for Non-FDIC Insured Depository Institutions

Paycheck Protection Program Interim Rule on Affiliation


SBA Paycheck Protection Program Resources Page


FINRA

FINRA Notice on Pandemic Planning

NFA

NFA Guidance on Coronavirus

International Regulatory Bodies

FSB Members Take Action to Ensure Continuity of Critical Financial Services Functions

Basel Committee Sets out Additional Measures to Alleviate the Impact of COVID-19
 
Basel Committee and IOSCO Agree to Defer the Final Two Implementation Phases of the Framework for Margin Requirements for Non-Centrally Cleared Derivatives by One Year

Basel Committee Announces One Year Deferral of Basel III Implementation to Increase Operational Capacity of Banks and Supervisors to Respond to Coronavirus

Basel Committee Policy Coordination and Supervisory Response to Coronavirus

FSB Financial Sector Work Coordination to Buttress the Economy in Response to the Coronavirus

Financial Regulators Highlight Coordination and Collaboration of Efforts to Address COVID-19

IMF Tracker of Global Policy Responses to COVID-19

 

Resources from IIB Gold APM Members

Littler Coronavirus Resources for Employers

Littler On-Demand Coronavirus Employment Law Advice

 

Other

Cushman & Wakefield's Recovery Readiness Guide

State Orders and Guidance on Remote Notarizations

Davis Polk Coronavirus Tracker

Brookings Whitepaper on What Macroprudential Policies Countries are Using to Help their Economies through the COVID-19 Crisis

Highlights of the Tax Provisions included in the CARES Act
 
Redline of the CARES ACT Modifications to the IRC

ADP Employer Coronavirus Preparedness Toolkit

CFPB Provides Flexibility During COVID-19 Pandemic

Securities Regulators Coordinate Responses to COVID-19 through IOSCO 

American Action Forum Timeline of Action by the Federal Reserve

McKinsey Insight on Coronavirus Response and Implications for Banks

Cleary Gottlieb Overview of Financial Response to Coronavirus

Deloitte Report on Potential Impacts of COVID-19 on the Banking and Capital Markets Sector

Management Checklist for Teleworking Surge During Coronavirus Response

Ready.gov Guidance on Pandemic Readiness

Cleary Gottlieb Memo on Europe’s Economic Response to the Coronavirus Crisis

FFIEC Manual on Pandemic Planning for Financial Institutions

CISA on Cybersecurity Concerns Surrounding Coronavirus