Featured Product

    SNB Updates Forms and Instructions for Large Exposure Reporting

    November 29, 2018

    SNB updated forms (LER_K Version 1.1 and LER_U Version 1.1) and the related documentation for large exposure reporting on group and parent company basis. The forms are in accordance with the large exposure rules and FINMA Circular 19/1 "Risk diversification – banks."

    The changes cover quarterly or semi-annual reporting of large exposures of positions listed in the Capital Adequacy Ordinance (CAO) Article 100 Paragraph 4 and CAO Article 102. When completing the forms, banks can disregard intragroup positions with total exposure (column AE of form LER_[U/K]02) of less than 2% of their capital base (as defined for large exposures purposes). As per the updates, lower limit of 2% applies only to the intra-group positions rather than to all counterparties with total exposure of less than 2% of their capital base for calculation of the limit to large exposures (as stated in Version 1.0). The reporting frequency for LER_U is quarterly, with the form being valid from March 31, 2019. The reporting frequency for LER_K is semi-annual, with the date of validity being June 30, 2019. Data are collected by SNB in cooperation with the Swiss Financial Market Supervisory Authority FINMA.

     

    Related Links

    Keywords: Europe, Switzerland, Banking, Reporting, Basel III, Large Exposures, SNB

    Featured Experts
    Related Articles
    News

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6484