AFB Seminar: The Use of Credit Insurance Under the UK’s Capital Requirements Regulations

The use of credit insurance by banks is a valuable but complex feature of the UK’s implementation of the Capital Requirements Regulations (UK CRR).  In this seminar, Browne Jacobson will review how credit insurance can be a useful prudential regulatory tool and consider the practical risks and opportunities when seeking to purchase, adhere to, and claim on credit insurance.  In addition, this session will help members understand the regulatory limitations on the use of credit insurance.

Why attend?

The use of credit insurance can be highly beneficial for banks. In particular, exposures to a borrower can be replaced with exposures to an insurer, thus reducing the capital ‘burden’ of a transaction or relationship.  However, the provisions of the UK CRR do not deal with credit insurance in a manner which is straightforward or readily correlated with the relevant insurance law and regulation.  For instance, the UK CRR provides for the use of ‘guarantees’ rather than insurance, but does not address how certain ‘guarantees’ are a form of insurance.

Who should attend?

This session is aimed at those working in Compliance, Legal or Risk (especially credit risk) functions.

Lead Speaker

Jeremy Irving, Partner

Jeremy is Browne Jacobson’s Head of Financial Services Regulation.  His advice to banking clients has covered numerous compliance, legal and insurance risk management projects, in particular in relation to the negotiation of bespoke trade credit, political risk and other insurance and derivative contracts, and advising on disputes and regulatory challenges over the formation and effectiveness of banks’ insurance programmes, including a major international arbitration relating to a trade credit programme.

Please note, you will receive a confirmation of your booking via email within 24 hours. Should you not receive a confirmation, please contact AFB to double check if your booking was successful.

Logistics

Fee:         Included in AFB membership

Location: Browne Jacobson, 6 Bevis Marks, London, EC3A 7BA

Date:        Thursday 3 July 2025

Time:        08:30 – 10:30 (registration & refreshments from 08:30 – 09.00)

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join this in-person session a week before the event.