British insurers with condescend-stress tests

Accounts of British were subjected to stress tests passing less recession compared with that laid down in the stress tests done on U.S. banks before time, informed Bloomberg.
British financial regulator has checked whether can survive in recession like that in 80 years of last century, which suggests 15 percent drop in housing prices over the 2009 regulatory authorities used other models to test the balance sheets of banks, which implies a 50 percent decline in property prices from the top to their lowest point.
UK passes the largest economic downturn of 1958 shares of the three largest British insurance company Aviva, Prudential Plc and Legal & General Group Plc, fell in March to its lowest levels in 18 years, after investors gamble, that the insurance industry will follow the banks in search of new capital. British government already has stakes in Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc., After the two banks were rescued by means of the taxpayers.
Similar to the U.S. authorities and EU and UK use stress tests to identify companies that may be required to receive state funds or raise capital. Governor requires banks and insurance companies regularly subjected to test their balance sheets.
Before this crisis, the worst recession in Britain after World War II in the five quarters to March 1981 when the economy declined by 4.6 percent. Unemployment reached 11.9 percent in the second quarter of 1984, compared with 5.5 percent in the fourth quarter of 1979
House price in Britain fell by about 17 percent from peak levels in January 2008 The business area you are impaired by 43% from June 2007 when he was in their price Pikul.
The British economy has Svilen with 4.2 percent for the four quarters to March 2009, and economists expect production to continue to fall during most of this year. Unemployment reached 7.1 percent in the first quarter, which was its highest level since August 1997

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