SNB Updates Forms for Large Exposure Reporting
SNB updated forms and the related documentation for large exposure reporting on group (LER_K Version 1.2) and parent company basis (LER_U Version 1.2). Forms for reporting the 20 largest exposures on both group (LER20_K version 1.1) and parent company basis (LER20_U Version 1.1) were also updated.
The reporting frequency for LER_U is quarterly, with the form being valid from September 30, 2019. The reporting frequency for LER_K is semi-annual, with the date of validity being December 31, 2019. The reporting frequency of LER20_U and LER20_K is annual, with the date of validity being December 31, 2019. These forms must be submitted within six weeks after the reference date. The reporting forms are in accordance with the large exposure rules and the FINMA Circular 19/1 "Risk diversification – banks."
The proprietary companies of financial groups or of financial conglomerates dominated by banks or security traders, which are subject to group and conglomerate supervision by FINMA, are required to report data and, in this context, are required to comply with capital adequacy and large exposure reporting regulations on a consolidated basis. Proprietary companies of subsidiary financial groups are also required to report data in accordance with Article 11 of the Capital Adequacy Ordinance, unless they have been exempted from this obligation by FINMA.
Related Link: Large Exposure Reporting
Keywords: Europe, Switzerland, Banking, Reporting, Basel III, Large Exposures, 20 Largest Exposures, Credit Risk, Concentration Risk, 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
MNB Publishes Decision to Amend Systemic Risk Buffer RequirementRelated Articles
BIS Examines Use of Big Data and Machine Learning at Central Banks
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
APRA Finalizes Reporting Standard for Operational Risk Requirements
APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.
ECB Publishes Guide for Determining Penalties for Regulatory Breaches
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
MAS Sets Out Good Practices to Manage Operational Risks Amid COVID
MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.
ACPR Announces New Data Collection Application for Banks and Insurers
ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.
BCB Maintains CCyB at 0%, Initiates First Cycle of Regulatory Sandbox
BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.
EIOPA Launches Study on Non-Life Underwriting Risk in Internal Models
EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.
SRB Publishes Overview of Resolution Tools Available in Banking Union
SRB published an overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to financial market infrastructure services in resolution.
EBA Consults on Pillar 3 Disclosure Standards for ESG Risks Under CRR
EBA is consulting on the implementing technical standards for Pillar 3 disclosures on environmental, social, and governance (ESG) risks, as set out in requirements under Article 449a of the Capital Requirements Regulation (CRR).
ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting
ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting
