By Hannah Fearn, Geoffrey Wynne and Marian Boyle
Today the Prudential Regulation Authority (PRA) has published a Policy Statement (PS 8/19) and updated Supervisory Statement (17/13 “Credit Risk Mitigation”, which will come into force on 13 September 2019) in relation to the use of different types of guarantees as unfunded credit risk mitigation (CRM) for the purposes of calculating capital requirements under the Capital Requirements Regulation (575/2013) (CRR).
Topics: PRA Policy Statement, Credit Risk management, Capital Requirements Regulation, supervisory statement
Talking Trade Finance is here to provide you with all of the latest updates in the Trade & Export Finance Industry.
The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.
Geoffrey Wynne is head of Sullivan’s Trade & Export Finance Group and the firm's London office.
He has extensive experience in banking and finance, specifically in corporate and international finance, trade, structured trade and commodity finance, electronic banking and digitizing trade finance, structured finance, asset and project finance, syndicated lending, equipment leasing, workouts and financing restructuring and general commercial matters.
Recognised as one of the leading trade finance lawyers globally, Geoff advises many of the major trade finance banks and financial institutions around the world on trade and commodity transactions in virtually every emerging market including in the CIS, Asia, India, Africa and Latin America. He has worked on many structured trade transactions covering such diverse commodities as oil, nickel, steel, tobacco, cocoa and coffee.
© 2025 Sullivan & Worcester. Sullivan & Worcester is an international entity operating through various separate and distinct legal entities. For further information about these entities and Sullivan & Worcester’s structure, please refer to the Legal Notices page of this website. All rights reserved.
