SNB Updates Reporting Forms on Large Exposures
The Swiss National Bank (SNB) updated forms and related documentation for large exposure reporting on group (LER20_K Version 1.1) and parent entities (LER20_U Version 1.1) as well as published the list of "institutes" obliged to hold minimum reserves.
The large exposure reporting forms LER20_K and LER20_U cover data in accordance with the large exposure rules and FINMA Circular 19/1 on "Risk diversification of banks." The reporting frequency of LER20_K and LER20_U is annual, with the date of validity being December 31, 2019. These forms must be submitted within six weeks after the reference date. SNB also published the list of institutes obliged to hold minimum reserves (MIREL), which covers survey of the balance sheet positions subject to minimum reserve requirements as well as of the eligible liquid assets according to chapter 3 (Minimum reserves) of the Ordinance on the SNB. The reporting frequency of the MIREL survey is monthly, with the date of validity being November 14, 2022.
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Keywords: Europe, Switzerland, Banking, Reporting, Basel, Large Exposures, Credit Risk, Minimum Reserve Requirements, SNB
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