FINMA revised the Circular 2015/2 on liquidity risks for banks. In September 2020, the Swiss Federal Council decided to introduce the net stable funding ratio for banks for mid-2021 and revised the Liquidity Ordinance. This necessitated an adjustment to Circular 2015/2. The circular specifies provisions of the Liquidity Ordinance on the qualitative minimum requirements for liquidity risk management as well as on the quantitative requirements for the liquidity coverage ratio and the net stable funding ratio. The revised circular will come into force at the same time as the amendments to the Liquidity Ordinance on July 01, 2021.
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Effective Date: July 01, 2021
Keywords: Europe, Switzerland, Banking, LCR, NSFR, Liquidity Risk, Liquidity Ordinance, Circular 2015/2, Swiss Federal Council, Basel, FINMA
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