Webinars

View upcoming webinars and watch all previous webinars on demand.

Webinar
06 April 2018

S&W Breakfast briefing: Regulatory headwinds

Region:
Europe
Amongst the coffee and croissants, Sullivan and Worcester’s breakfast seminar discusses the importance of financial and cyber resilience for firms regulated by the Prudential Regulation Authority (PRA) in the UK. And given the PRA’s recent supervisory statement on credit risk mitigation, the findings are particularly pertinent.

In the latest edition of Sullivan Worcester’s breakfast seminar, partner Mark Noriss discusses the consultation paper published by the Prudential Regulation Authority (PRA) in February which sets out proposed updates to its supervisory statement on credit risk mitigation (CRM).

The paper attempts to clarify the PRA’s expectations regarding the eligibility of guarantees as unfunded credit protection under the capital requirements regulations.

The proposal raises a number of serious concerns and may not reflect how banks, insurers, ECAs and legal counsel have either applied, or understood, the relevant rules up until now. There is widespread concern among lenders, insurers and UK exporters that the proposed clarification will render ineligible CRMs which are widely used to support trade and export finance.

 

Interested in finding out more?
Ask the analyst


You might also like


Perspective
03 February 2023

DRC mining gets a boost with ECA and agency involvement

Recent copper and cobalt mine development financings in the DRC by EKN and SEK from Sweden and African development bank TDB are likely to act as encouragement to other...

Expert opinion
08 February 2023

On patchworks and bottlenecks: Will new Green Export Credit...

EKN’s Green Export Credit Guarantee to support exports that contribute to climate change mitigation is something new. Will Sweden’s ECA’s new product be a template, and where...

Sign up to our weekly newsletter and get 14 days trial access