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).
Related Links (in German)
Keywords: Europe, Switzerland, Banking, COVID-19, Reporting, Default Risk, Credit Risk, FINMA, SNB
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleSEC Seeks Input on Climate Disclosures, Sets Out ESG Approach
The Office of the Superintendent of Financial Institutions (OSFI) published an update on the discussion paper that intended to engage federally regulated financial institutions and other interested stakeholders in a dialog with OSFI, to proactively enhance and align assurance expectations over key regulatory returns.
The European Commission (EC) published a report summarizing responses to the targeted consultation on the supervisory convergence and the single rulebook in the European Union (EU).
The European Central Bank (ECB) published its opinion on a proposal for a regulation on European green bonds, following a request from the European Parliament.
The Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) published a report that explores the expected impact of digitalization on provision of financial and banking services, and proposes policy measures to address the risks stemming from digitalization.
The Hong Kong Monetary Authority (HKMA) is consulting on the draft Financial Institutions (Resolution) Ordinance (Cap. 628), or FIRO, Code of Practice chapter on liquidity and funding in resolution, until March 14, 2022.
The Swedish Financial Supervisory Authority (FI) announced that the capital adequacy reporting as at December 31, 2021 must be done by February 11, 2022.
The European Banking Authority (EBA) announced that the guidelines on the reporting and disclosure of exposures subject to measures COVID-relief measures shall continue to apply until further notice.
The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.
The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.
The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).