EIOPA · 1572
1572
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2018-06-20
- Answered
- 2019-10-15
Question
I work at STX Fixed Income and I am covering insurance companies and pension funds active in fixed income markets. I was wondering what would be the SCR for cities and/or regions from Latvia?
Answer
The following covers the treatment of bonds issued by Regional Governments and Local Authorities (RGLA) denominated and funded in their domestic currency (i.e. the domestic currency of their Member States' central government) in the spread and market risk concentration sub-modules.
If the RGLA is included in the list set out in Commission Implementing Regulation (EU) 2015/2011 (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015R201…),
then both the risk factor stressi in the spread risk sub-module and the risk factor gi for market risk concentration in the market risk concentration sub-module are zero.
Otherwise the treatment set out in Articles 176 and 184 to 186 of Commission Delegated Regulation (EU) 2015/35 applies.
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.