Activity Report 2013
In 2013 Coface completed the consolidation of its 21 european credit insurance branches within a single company. This places all of Coface’s european credit insurance activities under the supervision of the French regulator, the Prudential Control and resolution authority.
This streamlined structure anticipates he new regulatory framework of Solvency ii: Coface’s relations with the regulator will be easier and the management of its equity capital requirements optimised. local entities will remain fully accountable for their operational activity and maintaining close customer relationships.
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