Update on the PRA consultation paper — use of insurance and other guarantees for capital relief

Trade Finance Breakfast Seminar
April 25, 2019

In this Breakfast Briefing, held at New Broad Street House in London, Marian Boyle and Hannah Fearn provided an update on the long anticipated response from the Prudential Regulation Authority (PRA) on the eligibility of credit insurance, ECA guarantees and other forms of unfunded credit protection for capital relief purposes under the EU Capital Requirements Regulation (CRR). Marian and Hannah discussed the detail of the PRA's final position and the key CRR eligibility criteria as they apply to credit insurance and other instruments.

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