UK insurers urge Bank of England to rethink dynamic stress test
Britain’s insurance industry is urging the Prudential Regulation Authority to rethink its live crisis simulation, citing heavy reporting demands and scenarios it says pushed firms “to their absolute limit”.
Britain’s insurance industry is urging the Bank of England’s regulatory arm to rethink its live crisis simulation, citing heavy reporting demands and unrealistic scenarios in a stress test that pushed firms “to their absolute limit”. The Prudential Regulation Authority has been running the exercise as part of its oversight of insurers, according to the source text.