The CRR imposes an obligation on banks to ensure that their credit protection arrangements are legally effective and valid in all relevant jurisdictions.
The CRR alert services provide users with information on legal developments across a series of markets and sectors. Accessible via the internet, this easy to use suite of products is designed to help in-house counsel, compliance departments and company secretaries at financial institutions and other organisations to keep up to date and manage risk in their key markets and jurisdictions. The current portfolio of products comprises:
A core module - Credit Risk Mitigant Alerts (e.g. guarantees, security over bank accounts, shares, receivables or contracts, netting and set-off arrangements), as well as optional Asset Finance Alerts and Commercial Real Estate Alerts.
Contact Kenneth Gray, or a member of your Norton Rose Fulbright team or email CRRAlerts@nortonrosefulbright.com for more information.
Subscribers can access the portal here.