News flash on Joint Association Letter

ITFA is pleased to inform you, that we have taken immediate action with our European policymakers to explain once again the important support that credit insurance provides to the real economy though facilitating bank lending.

ITFA took the lead to issue a letter together with 5 other associations (IACPM, Berne Union, BAFT, IUA, LMA) to draw the attention to our European policymakers and regulators that private credit insurance – as much as public – facilitating bank lending should not be neglected in the current discussions on relaxing certain regulations (such as IFRS9 rules for provisioning of NPLs) or providing subsidies (such as counter-guarantee solutions for credit insurance).

The letter was sent this week to the European Commission (DG Fisma) and other key stakeholders in Europe, such as the EU member state representatives or various supervisory bodies.

You can find the letter in the member-area of our website. Also, watch out for the first webinar of the Insurance Committee, which will be announced next week and which will deal – among other things – with this topic.