Coronacrisis impact on IFRS 9 standards
  • Monday, 30 March 2020

Coronacrisis impact on IFRS 9 standards

On 20 March, the European Central Bank (ECB) announced further measures to ensure that its directly supervised banks can continue to “fulfil their role to fund households and corporations amid the coronavirus-related economic shock to the global economy”. As part of these measures the ECB encouraged banks to “avoid excessive procyclical effects when applying the […]

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Banking News Update – March
  • Monday, 23 March 2020

Banking News Update – March

Impact of the Coronavirus on the EU banking sector In response to the rapid developments concerning COVID-19, the European Central Bank (ECB) left interest rates untouched whereas the US Federal Reserve and the Bank of England have decreased rates. Despite not cutting rates, the ECB announced a €750 billion Pandemic Emergency Purchase Programme (PEPP). Purchases […]

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Coronavirus impact: financiële aandachtspunten voor publieke sector
  • Thursday, 19 March 2020

Coronavirus impact: financiële aandachtspunten voor publieke sector

De afgelopen dagen is de onrust rondom de verspreiding van het coronavirus (Covid-19) verder toegenomen. Steeds strengere maatregelen worden afgekondigd om de verspreiding af te vlakken en op die manier beheersbaar te houden. Hoewel de toekomst niet is te voorspellen, is het raadzaam om na te denken over de mogelijke impact op uw organisatie en […]

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Impact of COVID-19 (Coronavirus) on the EU banking sector
  • Monday, 16 March 2020

Impact of COVID-19 (Coronavirus) on the EU banking sector

In response to the rapid developments concerning COVID-19, the European Banking Authority (EBA) and the European Central Bank (ECB) have taken measures to support the European banking sector. On 12 March, the EBA announced that the current EU-wide stress test is postponed to 2021 to allow banks to prioritise operational continuity. For 2020, the EBA […]

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Corona virus: Checklist of measures to protect your financial structure
  • Friday, 13 March 2020

Corona virus: Checklist of measures to protect your financial structure

This week the financial turmoil following on the COVID-19 pandemic has spread from the equity markets into the credit markets. Assuming the situation could get significantly worse before it gets better, now is the time to plan for the worst and hope for the best. To help our clients minimize the effects of the pandemic […]

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