On 20 April 2020, the PRA published a set of Q&As on the usability of liquidity and capital buffers and their operation as set out in the PRA rules and guidelines and in response to the COVID-19 outbreak. This document is relevant to all firms to which the Capital Requirements Directive IV applies. The document will be updated as the Covid-19 situation evolves. New Q&As and updates to existing ones will appear in italics