Members of the European Parliament's Committee on Economic and Monetary Affairs (ECON) began work on Monday 18 May on the proposal for a regulation that would temporarily and specifically lift certain requirements in the prudential banking regulations to facilitate the granting of loans during the Covid-19 crisis (see EUROPE B12476A8).
According to European Parliament rapporteur Jonás Fernández (S&D, Spain), these are "welcome proposals", but they need to strike a balance between...