UK insurance association slams ESRB report

'Very poorly timed' paper misses the point on pro-cyclicality, says ABI’s head of regulation

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Hugh Savill, director of regulation, Association of British Insurers

The Association of British Insurers’ regulatory chief has reacted angrily to a report from the European Systemic Risk Board (ESRB) criticising elements of Solvency II and calling for insur