ABI reveals stress test concerns

Eiopa announced details of the test earlier this week, with the programme to be carried out between the end of March and the end of May this year. However, Peter Vipond, director of financial regulation and taxation, at the ABI claimed that the test could stretch insurers too far. He said: "The UK insurance industry is currently under great pressure to implement an enormously complex regulatory framework. "Rather than demand stress tests on the basis of a yet to be agreed framework, it would be better to focus on finalising the proposed rules and helping the industry put the infras...