SNB released the form ARIS 5.04 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 March 31, 2020.
This form, 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 Link: Reporting Form and Associated Documents
Keywords: Europe, Switzerland, Banking, Reporting, Counterparty Risk, Solvency Risk, Systemic Risk, Basel III, SNB
Previous ArticleIFRS Publishes Taxonomy 2020 and Taxonomy Formula Linkbase 2020
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.