Discussion on “A guide to Monte Carlo simulation concepts for assessment of risk‑return profiles for regulatory purposes” (Graf and Korn, 2020)

First and foremost, this applies to consumers who need comprehensible product information. A similar approach has also been implemented by the Austrian and German insurance market as a “robust and recognized industry and regulatory standard” in the PRIIP regulation. Answers to these questions could facilitate considerations as to whether a standardized model at EU level is more advisable for reasons of legal certainty or whether models are suitable that allow product- and country-specific adaptations. 1 https://www.eiopa.europa.eu/content/eiopa-finalises-regulation-pan-european-personal-pension-product_en.