EIOPA · 1424
1424
- Regulation
- (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
- Article
- 197
- Submitted
- 2018-03-12
- Answered
- 2019-09-06
Question
Does section 3.102. of the December 2009 document still hold? More specifically, in the determination of the adjustment for market risk, should the interest rate risk and the concentration risk on the collateral be neglected?
Answer
No. According to Article 197(5) of Commission Delegated Regulation (EU) 2015/35 the hypothetical capital requirement for market risk has to be calculated. This includes as set out in Article 164(1)(e) and (f) the sub-modules for currency risk and market risk concentrations.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
Similar Q&As
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.