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Coronavirus - Flexibility on SMCR - UK

The FCA and the PRA have issued a joint statement aimed at dual-regulated firms in an attempt to introduce some flexibility in connection with the senior managers and certification regime (SMCR) during the current COVID-19 pandemic. Responding to co...




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Coronavirus - UK Government’s economic assistance packages and their availability to financial services businesses - UK

Background The ongoing coronavirus/COVID-19 pandemic has quickly developed into a deep economic crisis of the like never experienced before. Many businesses, including those in the financial services sector, are facing a prolonged period of disrupti...




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Coronavirus - Deferral of initial margin requirements for derivatives announced – Global

On 3 April 2020, the Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) issued a statement recommending an extension to Phases 5 and 6 of the initial margin ...




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Coronavirus - Cayman Ministry announces package relief measures - Global

As COVID-19 continues to cause far reaching disruption, the Cayman Islands’ Ministry of Financial Services issued two Press Releases on 25 and 26 March, putting forward a package of measures designed to mitigate the neg...




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Coronavirus - FCA finalises guidance on temporary financial relief for consumer credit customers - UK

On Thursday 9 April, the FCA confirmed measures to support consumer credit customers facing financial difficulty as a result of COVID 19 on personal loans, credit cards and overdrafts. Measures introduced by the new rules became applicable on Tuesda...




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Coronavirus - FCA issues draft temporary guidance for firms on motor finance agreements and coronavirus – UK

  On Friday 17 April 2020, the FCA issued a draft guidance for consultation on temporary forbearance measures to assist motor finance customers facing financial difficulty because of COVID-19. The consultation will close at 5 pm on Monday 20 Ap...




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Coronavirus - FCA issues further draft Covid-19 guidance for Buy-Now Pay-Later and other high cost products - UK

On Friday 17 April the FCA issued draft guidance on Buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking. It proposes temporary financial relief for customers impacted by coronavirus and is intended to complement measures finalised on 9 April...




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Coronavirus – ‘Dear CEO’ letter on SME business interruption insurance - UK

After previously setting out its expectations of general insurance firms in relation to their treatment of consumers during the coronavirus (Covid-19) pandemic, on 15 April 2020 the UK Financial Regulator, the Financial Conduct Authority (FCA), ...




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Coronavirus - Overview of measures in the financial sector by Dutch Regulators due to the Corona pandemic

DNB (the Dutch Central Bank) Banks: Micro prudential, less significant institutions (LSIs) - Banks can use their capital and liquidity buffer. Therefore, banks will be allowed to temporarily operate below the level of capital as defined by t...




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Coronavirus - Overview of governmental economic support – Global

Please note that further information is expected and we will update this note when this is available. Set out below is a summary of measures that have been announced by governments in various jurisdictions in response to the COVID-19 outbreak. ...




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Coronavirus - Changes to Directors’ Duties during the COVID-19 Crisis - Global

Please note, we will continue to update this note as and when further measures are announced. Summarises of the current position on directors' duties across some key jurisdictions noting any significant changes that have been announced by government...




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Coronavirus - Financial Services in a post COVID world - Video series

  We are producing a series of videos in which some of our leading practices discuss the principal issues and opportunities in financial services as the COVID crisis abates, and we start moving into a new form of business as usual. Some of thes...




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Coronavirus - Financial Services COVID-19 Sector Focus

In this period of market uncertainty, financial services firms globally are facing a number of challenges and questions. We have created a selection of recent articles, webinars, podcasts and short videos published by Eversheds Sutherland to he...




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Coronavirus - Webinar – Financial services post-COVID19: Trends in disputes and enforcement - UK

Listen as our panel answer some of the most common questions on post-COVID19 litigation trends - this was presented in conjunction with Ankura. A recording of the session can be listened to here. In this session we explored: a review of the economi...




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Coronavirus - Executive pay and rewards - UK

Coronavirus and executive pay: the issues The COVID-19 pandemic has prompted an economic crisis that has far surpassed that of the financial crash in 2008. The implications for executive pay against the backdrop of furloughed staff, lay-offs, staff...




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Coronavirus - Employment law update (Education) - the UK

  Wuhan coronavirus: implications for institutions Overview The spread of the Wuhan coronavirus gives rise to the same issues for organisations wherever they are based or operate around the world. These include assessing the risks faced by thei...




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Education briefing - ICO Consultation on the Processing of Criminal Records Data

The legal issues surrounding the processing of personal data relating to criminal convictions, allegations and offences or related security measures (“Criminal Records Data”) are complex. Education institutions tackle such issues on a re...




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Coronavirus - Employment law update (Education) - the UK

Overview Our previous briefing on this topic (Coronavirus: Implications for Institutions) set out the main issues facing institutions when dealing with the CoVID-19 outbreak. In this briefing we address some of the more com...




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Coronavirus - Commercial issues (Education) - UK

Overview Our previous briefings on this topic (Coronavirus: Implications for Institutions and Full Article



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Coronavirus – travel guidance for the education sector - UK

  Following the government’s announcement on 12 March 2020 that it was advising schools and colleges to cancel overseas trips for children under 18 until further notice, it has now published travel guidance for the education sector. This ...




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WEBINAR RECORDING - Covid-19 : Student Accommodation Issues

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Coronavirus – Education: moratorium on forfeiture – UK

Many educational institutions have granted business tenancies to third parties who occupy part of their estate and many institutions also occupy third party premises as business tenants. In light of the ongoing Covid-19 situation, the Government has...




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Education briefing - Coronavirus - Emergency volunteering leave

The Coronavirus Act 2020 has now been enacted and introduces a new statutory emergency volunteering leave, to support health and social care authorities. Health and social care workforces are under increasing pressure in providing services during th...




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Education Briefing - Coronavirus Job Retention Scheme: Guidance for Employers

1. INTRODUCTION On Friday 20 March 2020, the Chancellor announced a new “Coronavirus Job Retention Scheme” (the Scheme) to help pay people’s wages. Employers will be able to contact HMRC for a grant to cover most of the wages of their workforce who ...




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Education briefing – Coronavirus - contract termination and force majeure

Introduction Last Monday’s announcement from the Government placing the country in lockdown will be felt heavily by institutions who are trying to ensure continuity of provision to students and maintain quality and standards of teaching. In ou...




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Education briefing - Coronavirus: when can untaken statutory holiday be carried over?

The Working Time (Coronavirus) (Amendment) Regulations 2020 came into force on 26 March 2020. These amend the Working Time Regulations 1998 to create an exemption relating specifically to COVID-19 and holiday leave. Under the Working Time Regulation...




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WEBINAR RECORDING - Coronavirus - An overview of employment law issues for education institutions

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Education briefing: Coronavirus - New Guidance: Government update on the Coronavirus Job Retention Scheme

On Friday 20 March 2020, the Chancellor announced a new “Coronavirus Job Retention Scheme” (the Scheme) to help pay people’s wages. See our previous briefings of 23 March and Full Article



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Education briefing - Coronavirus - Further guidance on Coronavirus Job Retention Scheme

In previous briefings (here and here and Full Article



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WEBINAR RECORDING - Covid-19 and higher education: How universities and pathway providers are navigating disruption

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Education briefing - Fitness to study and coronavirus

A common topic for sector discussion is whether “fitness to study” is an appropriate term to use in connection with an institution’s regulation of its student community where a concern arises about the ability of a student to study...




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Coronavirus and aid: What we’re watching, 7-13 May

Shattered ceasefires, a $6.7-billion price tag, and Italy’s migrant amnesty: updates on how COVID-19 is disrupting humanitarian efforts around the globe.




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What’s new besides coronavirus?

Coronavirus concerns are grabbing the headlines. But other crises haven’t stopped. Here’s a look at what else is going on.





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Coronavirus, New Threat for Mexican Migrant Workers in the U.S.

As the high season for agricultural labour in the United States approaches, tens of thousands of migrant workers from Mexico are getting ready to head to the fields in their northern neighbour to carry out the work that ensures that food makes it to people’s tables. But the SARS-CoV-2 (COVID-19) pandemic, of which the U.S. […]

The post Coronavirus, New Threat for Mexican Migrant Workers in the U.S. appeared first on Inter Press Service.





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Coronavirus exposes gaping holes in Africa’s health systems

WHO has warned that Africa could be become the next epicentre of the pandemic.




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Somalia records increasing number of Covid-19 cases

Numbers hurtling towards 1,000 after 55 more people contracted the virus disease.




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Covid-19: Tanzania's semi-autonomous island of Zanzibar records 29 new cases

Sixteen are from Unguja while 13 are from Pemba, all Tanzanians.




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African countries could gradually ease measures to slow coronavirus

Wealthier African countries tend to impose more stringent rules, which have cost the continent $65 billion.




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No, Sweden isn’t a miracle coronavirus model

The country's lockdown model is being lauded by the WHO, but it's a unique case whose death rate is much worse than its neighbors.




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How Japan’s post-coronavirus reopening should proceed

Prime Minister Shinzo Abe's legacy depends on how he addresses the challenges raised by the COVID-19 pandemic.




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Study guides flying off shelves amid coronavirus school closures

Sales of study guides went up in March, according to news reports. Take a look at the vocabulary for studying at home and sales.




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Let’s discuss classes in the age of coronavirus

Universities look at ways to deal with learning during the pandemic in a ready-to-go English lesson that includes questions and discussion topics.




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‘The swab goes really deep into your head’: What it’s like to take the test for coronavirus in Japan

Have you wondered what it's like to get tested for COVID-19 in Japan? With little Japanese, Joe Oliver learned the hard way after being sent ...




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Coronavirus crisis offers chance to update Japanese schools

The current coronavirus pandemic has caused school closures around the world. While some have been able to make the jump to digital ways of learning, ...




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Italian soccer season in limbo after more players test positive for coronavirus

The fate of the Serie A campaign remained in limbo on Thursday after state scientists met with soccer officials in a desperate attempt to save ...




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Diplomacy analyst Yukio Okamoto dies after contracting coronavirus

The country loses a veteran of diplomatic affairs and adviser to several prime ministers with the coronavirus death of former Foreign Ministry official Yukio Okamoto.




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South Korea tracks new coronavirus outbreak in Seoul nightclubs

South Korean health authorities are investigating a small but growing coronavirus outbreak centered in a handful of Seoul nightclubs, seeking to keep infections in check ...




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Japan’s hotels in a bind as mild and asymptomatic coronavirus patients opt to heal at home instead

Despite legislative attempts to persuade mild and asymptomatic patients to isolate in hotels, most cooperating facilities are nearly empty.