Regulatory Alerts2020-01-21
Added · Updated
BELR Rule 29(2) – Life Insurance Policy as Acceptable Security
The Central Bank of Ireland issued this circular to clarify the criteria for accepting life insurance policies as acceptable security under BELR Rule 29(2). It establishes specific requirements that Authorized Institutions must follow when evaluating such policies for credit exposure limits. The guidance ensures consistent application of risk concentration rules across the banking sector.