Sector Regulation Sector Regulation

UK insurers told to heed bank guidance on loan-loss rules during Covid-19 crisis

By Fiona Maxwell
  • 23 Apr 2020 05:30
  • 23 Apr 2020 05:30
UK insurers have been told by the Prudential Regulation Authority to take account of bank guidance on the treatment of expected loan losses.

Insurers have sought clarification on how they should adapt the guidance, sent to banks in late March in a letter, to fit their internal assessments of loan creditworthiness and treatment

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