Commission Vice-President Valdis Dombrovskis announced, on Friday 24 April, that the European institution would present, "next week", a legislative revision of banking prudential rules to facilitate lending by banks during the COVID-19 pandemic.
"Next week I will present a communication" to clearly identify where EU law gives regulatory " flexibility" and how it can be used, he said in an online interview on Bloomberg. "I will also present a legislative proposal in line with recent decisions...