Question ID: 1284
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 107
Status: Final
Date of submission: 07 Sep 2017
Question
What is meant under a "simplified calculations"? Does it refer to each and every simplification defined in "Subsection 6 Proportionality and simplifications". Does it includes simplification introduced in Article 107 of Delegated Regulation?
EIOPA answer
The idea behind the crossing of S.25.01.21.R0020/C0100 was that the simplifications foreseen in articles 109, 110 and 112 of the Delegated Regulation affects the inputs of the calculation of the counterparty default risk but not the calculation method.
However EIOPA confirms that such information should be part of the SFCR, for the moment should be included in the narrative part of the report, and EIOPA will review the approach taken in S.25.01.21 in a future revision of this ITS.