Regulatory Alerts2020-01-21
Added · Updated
BELR Rule 29(2) – Life Insurance Policy as Acceptable Security
The Central Bank of Ireland issued this circular on January 21, 2020, to provide criteria for accepting life insurance policies as acceptable security under BELR Rule 29(2). The document applies to all authorized institutions and outlines the specific requirements for large exposures and risk concentrations. It serves as the authoritative annex detailing the standards for credit exposure limits regarding life insurance collateral.