On July 24, the European Commission adopted a set of measures to help facilitate bank lending to households and businesses throughout the EU (the Measures).

The Measures aim to make it easier for capital markets to support EU businesses in their recovery from the COVID-19 pandemic by encouraging greater investments in the economy, allowing for the rapid recapitalization of companies and increasing banks’ capacity to finance the recovery.

The Measures propose changes to:

  1. the Capital Requirements Regulation;
  2. the revised Markets in Financial Instruments Directive (MiFID II);
  3. the Prospectus Regulation (for more information on the changes to the Prospectus Regulation, see the July 31, 2020 edition of Corporate & Financial Weekly Digest; and
  4. the Securitisation Regulation.

The Measures are available here.