Recommendation on monitoring financial stability implications of debt moratoria and public guarantee schemes in response to the COVID-19 pandemic

National macroprudential authorities are recommended to monitor and assess the financial stability implications of national measures such as debt moratoria and public guarantee schemes, focusing on design features, uptake, and impacts on credit flows and institutional soundness. These authorities must regularly report relevant information to the European Systemic Risk Board to enable Union-wide monitoring of cross-border and cross-sectoral risks. The first report under Recommendation B must be submitted by 31 July 2020, with implementation forms for both recommendations due by 31 July 2020 and 31 December 2020 respectively.

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EUR-Lex - 32020Y0729(01) - EN

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Lineage: In force

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Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works