Recommendation on restriction of distributions during the COVID-19 pandemic

Topic area:
Status: 15.10.2021 |
Archived
Key words:
Covid, Remuneration
Initiative
Official name
RECOMMENDATION OF THE EUROPEAN SYSTEMIC RISK BOARD of 27 May 2020 on restriction of distributions during the COVID-19 pandemic
(ESRB/2020/7)
Type
Recommendation
Level 3 / Other
Initiator
ESRB
Submitted
Doc. code
ESRB/2020/7
Summary
Status
Status

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Current version
Final version
27.05.2020
Next step
Entry into force and application
Entry into force

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Application date

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Scope
Relevant for

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Associated initiatives
Level 1
–
Level 2
–
Level 3 / Other
Recommendation to introduce minimum requirements for national monitoring and to establish a framework for reporting to the ESRB (non-binding, EU)
Recommendation on liquidity risks arising from margin calls (non-binding, EU)
Amendment to the Recommendation on restriction of distributions during the COVID-19 pandemic (non-binding, EU)

Source: ESRB, ESRB/2020/7, 2020