Coronavirus Compensation for short-time work
The German government is expanding its short-time work scheme (Kurzarbeit), which provides compensation to certain workers whose working hours have to be reduced. The aim is to provide fast, targeted help if businesses experience work shortages during the coronavirus pandemic.
The Financial Stability Board (FSB) was established to promote financial stability at the international level. As an international forum for national supervisory authorities, the FSB serves as a coordination and exchange platform and develops regulatory and supervisory recommendations for action.