The Insurance Committee is pleased to announce that a first opinion is now available for all ITFA members.
Many of our members are confronted on a daily basis with a variety of challenges and questions when trying to hedge risks acquired through their trade finance and transaction banking activities. The ITFA Insurance Committee is composed of a panel of specialists from banks, insurance and brokers. We would therefore like to offer to our members the possibility to obtain advice from these experts. Should your institution have questions related to a specific topic, just send an inquiry by email to any of the Insurance Committee members. If you prefer, the name of your institution will be kept confidential. The committee will then discuss your question and the opinion which emerges from the discussion will then be published in the members section of the ITFA website.
The first question which was submitted to the insurance committee is:
Which kinds of external ratings of insurance companies can be accepted by banks under the Standardised Approach in order to obtain RWA-relief for the covered transactions? Are these banks facing any restrictions regarding the use of insurance for capital relief?
Please click on the following link (which is only available to ITFA members) in order to view the opinion of the insurance committee.