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).
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Keywords: Europe, Switzerland, Banking, COVID-19, Reporting, Default Risk, Credit Risk, FINMA, SNB
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