Loosening measures have been put in place to combat the “COVID-19” emergency and to facilitate the circulation of liquidity in European countries.
The ECB and BANKIT initiatives immediately became opportunities for Banks using the application and advisory services of Pegaso2000. We have promptly reacted, following the technical provisions indicated by the Bank of Italy, guaranteeing our customers the compliance and adequacy of AbacoPool and AbacoCDM products with current regulations.
The measures concerned various facilities: from the lowering of the contribution limit (from € 30,000 to 0) to the redefinition of the haircuts provided for both the ordinary framework and the ACC framework (additional credit claims). We are ready to take on board the additional new features that will allow Banks to also allocate the State Guaranteed loans, specifically designed to deal with the emergency.