Webinars

View upcoming webinars and watch all previous webinars on demand.

Webinar
06 April 2018

S&W Breakfast briefing: Regulatory headwinds

Region:
Europe
Managing Editor
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
28 March 2025

Never write off Türkiye

Türkiye is the rising star of the export finance community as a source of demand and as a home for internationally renowned EPC contractors. A surge in activity has defied...

Video
31 March 2025

Exiled: Catherine Lang Anderson, A&O

Welcome to Exiled: The Real Assets People, a podcast where we ‘strand’ a guest on a desert island and ask them who from their professional past, present, and future they’d...