EBA Publishes Overview Of Public Guarantee Schemes Issued In Response To The Covid-19 Pandemic

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The European Banking Authority (EBA) recently published a list of the public guarantee schemes issued in response to the COVID-19 pandemic.
European Union Coronavirus (COVID-19)

The European Banking Authority (EBA) recently published a list of the public guarantee schemes issued in response to the COVID-19 pandemic. This publication, which complements the information included in the EBA Report on the implementation of selected COVID-19 policies, aims at providing transparency to the public on the existence of public guarantees. It also responds to the European Commission's request for a stock-take of such guarantees.

This list provides an overview of the 47 public guarantee schemes, of which 43 are from EU Member States and 4 from EEA members, which, to the EBA's knowledge, have been issued in response to the COVID-19 pandemic. The list includes factual information about the guarantor and the region, or district, covered by the scheme. Moreover, the list clarifies whether the scheme relates to new lending or to existing exposures, the type of obligors or exposures covered by the scheme, and also the level of coverage of exposures by the guarantee. The list also includes a link to additional documentation for each scheme.

Originally published by Elias Neocleous, July 2020

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