Please see comment n. 141 147. Federation of BS-C1- cell A8 No split should be made between government and corporate bonds Noted – Finnish Financial too many details will decrease the overview of the Balance sheet. Services 148. German Insurance BS-C1- cell A8 This comment applies to cells A8 AS8 Please see comment n. – Association (GDV) 146 In the LOGs issued in the informal consultation carried out in summer 2010, the definition of Government bonds was as follows: Government bonds as defined in the CEIOPS L2 advice on structure and design of market risk module (ex-CP 47) for spread risk : bonds issued or demonstrably guaranteed by national “by government of an OECD or EEA state, issued in the currency of the government, or issued by a multilateral development bank as listed in Annex VI, Part 1, Number 4 of the Capital Requirements Directive (2006/48/EC) or issued by an international organisation listed in Annex VI, Part 1, Number 5 of the Capital Requirements Directive (2006/48/EC).” The definition used in this consultation is different from the one above as it does not seem to include demonstrably … “bonds guaranteed by national government…” We propose that the definition of government bonds to be included in the balance sheet should be clarified.
Please see comment n. 141 147. Federation of Finnish Financial Services BS-C1- cell A8 No split should be made between government and corporate bonds – too many details will decrease the overview of the Balance sheet. Noted 148. German Insurance Association (GDV) BS-C1- cell A8 This comment applies to cells A8 – AS8 In the LOGs issued in the informal consultation carried out in summer 2010, the definition of Government bonds was as follows: Government bonds as defined in the CEIOPS L2 advice on structure and design of market risk module (ex-CP 47) for spread risk : bonds issued “by or demonstrably guaranteed by national government of an OECD or EEA state, issued in the currency of the government, or issued by a multilateral development bank as listed in Annex VI, Part 1, Number 4 of the Capital Requirements Directive (2006/48/EC) or issued by an international organisation listed in Annex VI, Part 1, Number 5 of the Capital Requirements Directive (2006/48/EC).” The definition used in this consultation is different from the one above as it does not seem to include … “bonds demonstrably guaranteed by national government…” We propose that the definition of government bonds to be included in the balance sheet should be clarified. Please see comment n. 146
Comments_template_QRT_BS_final.docx