March 21, 2020
Authored by: Bryan Cave Leighton Paisner
In just a few short weeks, COVID-19 has had far reaching impacts on public health and the global economy. Regulators overseeing banks and non-bank financial services companies are trying to maintain operations, adapt oversight models and promulgate COVID-19 crisis-specific directives and guidance.
As with the crisis itself, these developments are fast-moving. We anticipate facts and details to change from day-to-day. To be clear, this is the first post on COVID-19 on BankBCLP.com, but it will most certainly not be the last. On our firm website, we are tracking regulatory developments that could have a broad impact across the industry.
As of the posting of this update on the blog, we have set forth a summary of the key issues agencies are addressing currently as well as a set of frequently asked questions and answers about agency operations. We intend to also update the firm’s site on a regular basis, while also providing updates and links here at BankBCLP.com.