Topic
Dividends
88 published works
Global Regulation Tomorrow
PRA statement on dividend payments and share buybacks beyond 2020
On 28 July 2020, the PRA announced that it would undertake an assessment of firms’ distribution plans beyond the end of 2020 in Quarter 4 2020. The assessment will be…
Global Regulation Tomorrow
ECB extends recommendation not to pay dividends until January 2021 and clarifies timeline to restore buffers
On 28 July 2020, the European Central Bank (ECB) extended its recommendation that banks not pay dividends nor buy back shares until January 2021. The ECB has also asked banks…
Global Regulation Tomorrow
DNB resumes assessment of insurers’ dividends
On 6 July 2020, the Dutch Central Bank (De Nederlandsche Bank, DNB) announced that it will review dividend proposals from insurers under its supervision as usual. In the beginning of…
Global Regulation Tomorrow
DNB supports ESRB recommendation on restriction of distributions during the COVID-19 pandemic
On 6 July 2020, the Dutch Central Bank (De Nederlandsche Bank, DNB) issued a press release supporting the recent recommendation from the European Systemic Risk Board (ERSB) on the restriction…
Free Writings + Perspectives
Consider Form S-3 Eligibility if Preferred Dividends are Delayed
Some issuers have suspended dividend payments on outstanding preferred stock as a result of COVID-19 pandemic-related economic concerns. In order to remain eligible to use a Form S-3 registration statement,…
La Revue
Impacts du COVID-19 en matière de distribution de dividendes
By Florence Cotillon, Audrey Scheibel
En application de la loi d’urgence n° 2020-290 du 23 mars 2020, qui a instauré un état d’urgence sanitaire du 24 mars au 24 mai 2020, le gouvernement a légiféré…
Global Financial Regulatory Blog
COVID-19: PRA Welcomes Suspension of Dividends, Share Buybacks, and Cash Bonuses
Seven of the largest systemically important UK deposit-takers to suspend dividends and share buybacks and to cancel payments of any outstanding 2019 dividends. By Rob Moulton and Anna Lewis-Martinez On 31…
Global Regulation Tomorrow
BaFin puts distribution policies regarding dividends and bonuses of German insurers and pension funds in the context of COVID-19 under scrutiny
By Andreas Börner (DE), Eva-Maria Barbosa (DE), Corinna Baltzer (DE)
In accordance with its habit to upload links to EIOPA publications relating to the aligned policy of European supervisors in light of the current coronavirus crisis, the German Federal Financial…
Global Regulation Tomorrow
DNB calls on insurers to temporarily suspend dividend payments and share buybacks
On 2 April 2020, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a news item in which they endorse the statement issued by the European Insurance and Occupational Pensions…
Global Regulation Tomorrow
PRA statement on deposit takers’ approach to dividend payments, share buybacks and cash bonuses in response to COVID-19
By Jochen Vester (UK), Simon Lovegrove (UK)
On 31 March 2020, the PRA issued a statement welcoming the decisions by the boards of the large UK banks to suspend dividends and buybacks on ordinary shares until the…