April 04, 2019

SNB released the updated liquidity monitoring tool (LMT) forms and related documents for group and single-entity reporting. The updated forms are for FINMA supervisory categories 1 and 2 (LMT_G) and for FINMA supervisory categories 3 to 5 (LMT_GO), both valid from January 31, 2020. The key updates include change of technical content and changes to the consistency rules.

For reporting on a single entity basis, all banks as defined by the Banking Act of November 08, 1934, as well as branches of foreign banks, are required to report data. For reporting on a consolidated basis (financial groups or conglomerates), the proprietary companies of financial groups or of financial conglomerates, dominated by banks, which are subject to group and conglomerate supervision by FINMA, are required to report data. Proprietary companies of subsidiary financial groups are also required to report data. For FINMA supervisory categories 1 and 2, the reporting frequency is monthly and the standard deadline for submitting data is 30 days. For FINMA supervisory categories 3 to 5, the reporting frequency is quarterly and the standard deadline for submitting data is 60 days. 

 

Related Links

Keywords: Europe, Switzerland, Banking, Liquidity Monitoring Tools, Basel III, Reporting, SNB