SNB published the new reporting form KWERA (1.0), along with the related documentation, on value adjustments and provisions for default risk by banks. The form will collect information on COVID-19 loans, impaired loans, value adjustments for default risks, and write-offs by type of loan (mortgage loans and other loans) and industry. The reporting form has monthly frequency and must be submitted within 20 days of the cut-off date. The reporting institutions include banks in Switzerland whose loans to domestic non-banks exceed CHF 280 million. SNB also published Version 1.9 of the forms AUR_U, AUR_UEA, AUR_UES, AUR_K, and AUR_KEA, along with the associated documentation, for supervisory reporting on an individual and consolidated basis. The supervisory reporting forms are in accordance with the FINMA Circular 08/14 on supervisory reporting for banks (according to the annual and semi-annual financial statements).
Related Links (in German)
Keywords: Europe, Switzerland, Banking, COVID-19, Reporting, Default Risk, Credit Risk, FINMA, SNB
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleBNM Proposes Strategic Direction for KLIBOR and KLIRR
Next ArticleGLEIF Discusses Chinese Roadmap for LEI Adoption
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.