EIOPA · 315
315
- Regulation
- Risk-Free Interest Rate - General questions
- Article
- 43
- Submitted
- 2015-07-23
- Answered
- 2019-10-24
Question
The calculation of Spot_NO_VA_shock_DOWN starts with:1 -0.018%2 -0.018%3 0.009%I belief this is not conform article SCR.5.26. of documentTechnical Specification for the Preparatory Phase (Part I) of 30 April 2014.Has something changed?
Answer
The Delegated Regulation on Solvency II stipulates that the shock for negative basic risk-free interest rates is nil. The published shocked term structures are based on the Delegated Regulations. This downward shock differs from the outdated Technical Specifications.
Insurance and reinsurance undertakings should base their preparations for Solvency II on the Delegated Regulations, see EIOPA's announcement on the Technical Specification beginning of this year.
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.