SNB Updates Forms on Supervisory Reporting for Banks
SNB published Version 1.7 of reporting forms (AUR_U, AUR_UEA, AUR_UES, AURH_U, AUR_K, AUR_KEA, and AURH_K) and the related documentation for supervisory reporting on an individual and consolidated basis. The forms are in accordance with the FINMA Circular 08/14 “Supervisory Reporting Banks.” These forms, which have annual reporting frequency, must be submitted within 60 days of the cut-off date. The forms are valid for reporting from January 01, 2019.
Reporting institutions include all banks and securities dealers pursuant to margin no. 4, FINMA Circular 08/14 for forms AUR_U, AUR_UES, and AURH_U. Reporting institutions for forms AUR_K and AURH_K include financial groups pursuant to margin nos. 5 and 6, FINMA Circular 08/14. For forms AUR_UEA and AUR_KEA reporting institutions include banks and securities dealers according to Chapter II, Section 9 in the Explanatory notes.
Supervisory reporting enables FINMA to operate a rating and analysis system to ensure risk-oriented supervision. Statistical evaluations, such as comparisons of deadlines, time series analyzes, and comparisons between individual banks, securities dealers and financial groups and within peer groups provide FINMA with an overall view of the state and development of the banking system.
Related Links (in German)
Keywords: Europe, Switzerland, Banking, Reporting, FINMA, SNB
Featured Experts
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
BoE Publishes the Schedule for Statistical Reporting for 2019Related Articles
BCBS Amends Guidelines on Sound Management of AML/CFT Risks
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA Guidelines on Treatment of Structural Foreign Exchange Under CRR
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB Issues Statement on Impact of COVID-19 Crisis on Benchmark Reform
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS Publishes List of Internationally Active Insurance Groups
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED Temporarily Revises FR Y-9C With Respect to PPPLF and CARES Act
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC Launches Consultation on Review of Solvency II Directive
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB Consults on Supervisory Approach to Consolidation in Banking
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA Letter Sets Expectations on Approach to Managing Climate Risks
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies Finalize Amendments to Swap Margin Rule
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS on Package for 2020 Data Collection on ICS and Aggregation Method
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.
