SNB Publishes Form for Reporting Solvency Risk of Counterparties
SNB released the form ARIS 5.05 and related documentation for reporting solvency risk of counterparties in the interbank sector. The form covers ten or twenty largest claim and liability positions vis-à-vis other banks or banking groups in Switzerland and abroad. The form will be valid for reporting from June 30, 2020. Additionally, SNB released a bank lending survey (BLSM) on market interest rates in pricing (Release 1.3). The survey covers information on market interest rates in price-setting that is broken down into different market rates or interest rate curves and by type of loan. The reporting frequency of BLSM is quarterly, with a submission deadline of 20 days.
The form for reporting solvency risk of counterparties in the interbank sector, which has a quarterly reporting frequency, must be submitted within six weeks after the reference date. Reporting institutions include all banks or bank groups without branches of foreign banks in Switzerland. The survey of counterparty solvency risk in the interbank sector is intended to analyze the interlinkages in the interbank sector, with a view to identify and monitor systemic risks.
Related Links
Keywords: Europe, Switzerland, Banking, Reporting, Counterparty Risk, Systemic Risk, Basel, Large Exposures, BLSM, SNB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
SARB Seeks Comments on Policies for Interest Rate BenchmarksRelated 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.
