December 21, 2017

SNB updated validation rules for the Liquidity Monitoring Tools (LMT) reporting at both the group and single entity levels. The updates are applicable to Form LMT_G, which covers FINMA supervisory categories 1 and 2 (valid from January 31, 2018). For FINMA supervisory categories 1 and 2, the reporting frequency is monthly and the standard deadline for submitting data is 30 days.

For reporting on a single entity basis, all banks as defined by the Banking Act of November 08, 1934, in addition to 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. Data are collected by SNB on behalf of FINMA.

 

Related Link: Liquidity Tools Reporting

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

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