ABI downplays fear of UK/EU regulatory clash

Speaking to the All Party Parliamentary Group on Insurance and Financial Services in the House of Commons, Peter Vipond, director of financial regulation and taxation at the Association of British Insurers (ABI), said: "We are seeing a new European financial architecture emerging within the EU. "Within the next six months we will have three new European supervisory agencies, with significant rule making responsibilities. This will give rise to a lot of debate about compensation schemes and resolution schemes." "This change in architecture is being carried out alongside a massive upgra...