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
Previous ArticleESMA Issues Guidelines on Data Transfer Between Trade Repositories
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.
FINMA published guidance (06/2020) on extending or discontinuing various exemptions that were granted due to the COVID-19 crisis.
SRB launched a consultation on the minimum data needed for valuation of a bank in resolution.