Joint industry letter to European Policymakers to highlight the value of credit insurance facilitating bank lending
The Berne Union has co-signed a letter to European policymakers, along with 5 other trade finance and insurance associations, highlighting the complementary function of public and private credit insurance in facilitating bank lending
The letter was sent this week to the European Commission and other European Authorities with the objective to raise awareness amongst policy makers of the complementary and comparable role of private credit insurance to public guarantees, relevant in their consideration of provisioning requirements for bank lending, in the context of the European policy response to the COVID-19 pandemic.
We were pleased to partner in this initiative with ITFA, BAFT, IACPM, IUA and LMA.
Full text of the letter can be found under official correspondence on our website.