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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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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