Financial Regulator Responses to COVID-19
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Key takeaways:
- During the week of March 15, 2020, the federal banking, securities and derivatives agencies announced a series of emergency policy measures and regulatory statements intended as responses to the disruptions in economic and financial market conditions caused by the coronavirus disease 2019 (COVID-19).
- These actions included monetary policy decisions, emergency facilities established under Section 13(3) of the Federal Reserve Act, and interim final rules providing regulatory capital relief, among others.