The European Union (EU) adopted temporary banking rules in order to maximize the capacity of banks to lend money, and support households and businesses to recover from the COVID-19 crisis.

The banking package targeted changes to the capital requirements regulation (CRR 2). These changes will allow credit institutions to fully play their role in managing the economic shock that stems from the COVID-19 pandemic by fostering credit flows.

Learn more about those specific targeted changes by visiting World Council's Advocate Blog.