News Coronavirus watch08 May 2020

UK:Regulator puts insurance stress tests on hold amid pandemic

| 08 May 2020

The Prudential Regulation Authority (PRA) has decided to pause further work on the insurance stress test, given other pressures on firms and the need to focus on Covid-19 specific stresses. It will therefore not be publishing the results of last year's test and will postpone the next insurance stress test to 2022, with a view to seeking feedback from firms on the proposed design during Q4 2021.

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