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The risk wasn't 2 billion Euro, just the portfolio. The risk, according to solvency II, is 30-50% of the equities, approximately a 1% raise or drop in interest
by hessenwolf 12y ago
The risk wasn't 2 billion Euro, just the portfolio. The risk, according to solvency II, is 30-50% of the equities, approximately a 1% raise or drop in interest rates, 25% change in FX, etc.
The risk is probably about 40% of the 2 billion.