Question ID: 3045
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Other
Status: Rejected
Date of submission: 18 Mar 2024
Question
In respect of Article 199, point 7, why would it be reasonable, that two banks that are both complying with Directive 2013/36/EU and Regulation (EU) No 575/2013, and one is rated and one is not, the one that is rated 4 based on its rating gets a PD of 1.2% and the one that its not rated gets assigned a PD of 0.5%? Can it be that the Article 199, point 7 penalizes the bank that has a rating compared to the one that does not?
EIOPA answer
This question has been rejected because it does not relate to the consistent and effective application of the legal framework covered by the Q&A process.