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ph fedaction financial regulatory updates

Daily Financial Regulation Update -- Thursday, November 12, 2020

November 12, 2020

By FedACTion Task Force

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to read more from our Coronavirus series.

Congress

to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

International

European Commission

Building a European Health Union: Stronger Crisis Preparedness and Response for Europe

November 11, 2020

The European Commission (Commission) issued a press release titled “Building a European Health Union: Stronger Crisis Preparedness and Response for Europe.” According to the release, the Commission is taking the first steps towards building the European Health Union announced by President von der Leyen in her State of the Union address. The Commission is putting forward a set of proposals to strengthen the EU’s health security framework, and to reinforce the crisis preparedness and response role of key EU agencies.

Bank of England

Minutes of the Securities Lending Committee Meeting - June 2020

November 11, 2020

The Bank of England released the minutes from the June 11, 2020 meeting of the Securities Lending Committee (Committee). The Committee discussed (i) recent market trends and observations, including the securities lending markets’ reaction to COVID-19, (ii) the impact of environmental, social and corporate governance on the securities lending markets, and (iii) diversity and inclusion in the securities lending markets.