16th May 2017

BBA response to the PRA’s CP2/17 on the treatment of secured guarantees as credit risk mitigation

The BBA has responded to the PRA’s consultation on its proposal to treat secured guarantees as unfunded credit protection. The industry would benefit from further clarification on the scope and intent of the proposal and an assessment of costs and benefits, to better understand the range of affected transactions and any wider economic impact.

Please read the full response via the link below.

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