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Regarding Artice 4 Paragraph V 2nd sentence: "Where the own internal credit assessment generates a lower capital requirement than the one generated by the credit assessments available from nominated ECAIs, then the own internal credit assessment shall not be taken into account for the purposes of...

I am looking for a bit of clarity on the language in Article 5, Issuers and issue credit assessments. In point 2. it states that in the case where a bond is unrated but an "issuer rating" exists for that issuer or for a specific program which this bond is not a part of then one can follow a or b...

SituationInsurer A enters a contract with Firm B (not necessarily an insurance or a regulated entity).The contract stipulates that, if any of the three events defined below occur at any time within the next 3 years, Firm B is committed to buying for €10 million new shares of Insurer A (conducting...

Do external experts supporting the assessment or the validation have to be regulated (e.g. auditor, lawyer, financial institution?)

Article 117 (3) mentions an adjustment for non proportional reinsurance. Is it possible to apply this adjustment even if no proportional reinsurance is in place?

Art. 199, 6.) and 7.) describes the cases where a 0.5% PD can be used, e.g. for a regulated (re)insurance in a third country with equivalent solvency regime or in country in the EU and for which an ECAI rating does not exist. For those cases we set the Solvency Ratio to 100%, which is equivalent...

How can a process involving external experts be designed with regard to DIRECT INVESTMENTS and is it considered outsourcing?

How can the validation process be performed, which data source should be used?

In Article 180, section 12, what are the risk factors assigned to an exposure that: - relates to a qualifying infrastructure investment that meets the criteria set out in Article 164a - is assigned to a matching adjustment portfolio in accordance with Article 77b(2) of Directive 2009/138/EC - has...