SNB updated the form and related documentation for reporting counterparty solvency risk in the interbank sector (Form ARIS 5.06). The form will be valid from September 30, 2020. This data collection/survey is aimed at analyzing the interlinkages in the interbank sector, with a view to the identification and ongoing monitoring of systemic risks. The form covers reporting of the ten or twenty (for big banks) largest claims and liability positions vis-à-vis other banks or bank groups in Switzerland and abroad.
This form has a quarterly reporting frequency and must be submitted within six weeks after the reference date. Reporting institutions include all banks and bank groups, except foreign bank branches in Switzerland. Reporting takes place at the highest entity level to which the risk diversification requirements apply—that is, institutions subject to risk diversification requirements (consolidation requirement) in accordance with Article 7 of Capital Adequacy Ordinance, or CAO, are required to report counterparty solvency risk on a consolidated basis. If a counterparty position amounts to less than CHF 1 million and represents less than 4% of the reporting institution’s core capital after deductions in accordance with Articles 31 to 40 of CAO, it is deemed to be insignificant and need not be reported. Positions must be listed on the form in order of decreasing size; the decisive criterion is the size of the actual amounts due/owed. The accompanying documentation explains the changes in Release 5.06 of the form, in comparison to the previous version of the form.
Keywords: Europe, Switzerland, Banking, Reporting, Systemic Risk, Large Exposures, Credit Risk, Counterparty Credit Risk, SNB
Previous ArticleECB Publishes Opinion on Proposal to Amend Benchmarks Regulation
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.