Taking on Europe’s credit risk insurance rules with ITFA’s Silja Calac, Jean-Maurice Elkouby
Apr 06, 2022•20 min•Ep. 83
Episode description
Credit risk insurance is a vital instrument for bank risk and capital management, and for facilitating lending to the real economy.
Typically, banks only use the strongest insurers with sound capital bases and risk management practices for credit risk insurance, but even so, some market participants argue that current regulations are overly restrictive.
One of those is Silja Calac, board member at the International Trade and Forfaiting Association (ITFA) and head of the ITFA Insurance Committee.