Question ID: 2432
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Solvency Capital Requirement (SCR)
Article: 180(2)
Status: Rejected
Date of submission: 05 May 2022
Question
Article 180 (2) states in the last section that certain guaranteed exposures shall be assigned a risk factor stress of 0%. Contrary to 180 (2b) it seems not required that the exposure is denominated in the currency of the counterparty mentioned in a)-d). So for example: a Polish government bond denominated in EUR would not be risk free, but if some EUR bond issued by a Polish company is guaranteed by the Polish government, this would be risk free. Is this interpretation correct?
EIOPA answer
This question has been rejected because the matter it refers to has been answered in Q&A 1456.