SNB Updates Reporting Forms for Banks
The Swiss National Bank (SNB) published the reporting form (Form ARIS 5.14) and related documentation for counterparty solvency risk in the interbank sector, with the form becoming valid from September 30, 2022. SNB also published the large exposure reporting forms (LER20_U and LER20_K), along with related documentation, for both parent and group entities, for which the reporting will be valid from December 31, 2022. In addition, the Swiss Federal Council approved the negotiation mandate of the Swiss delegation to the Council of Europe Committee on artificial intelligence.
Below are the key highlights of these recent updates:
- The data collection on counterparty solvency risk in the interbank sector is aimed at analyzing interlinkages in the interbank sector, with the aim to identify and monitor systemic risks. The form covers recording of the ten or twenty largest claims and liability positions vis-à-vis other banks or bank groups in Switzerland and abroad. The accompanying documentation explains the changes in Release 5.14 of the form, in comparison to the previous version of the form. 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.
- The large exposure reporting forms LER20_U and LER20_K cover data in accordance with the large exposure rules and FINMA Circular 19/1 on "Risk diversification of banks." These forms have a quarterly, semi-annual, or annual reporting frequency and must be submitted within six weeks after the reference date.
- The Swiss Federal Council is committed to Switzerland playing an active role in shaping Council of Europe rules on artificial intelligence. The Swiss delegation will advocate for the positions that the Council adopted on September 16, 2022 and promote international rules developed on the basis of existing law. The new legal framework should regulate the negative effects of artificial intelligence rather than the technology itself and will foster innovation while guaranteeing human rights, including data protection. The Federal Council also stresses the importance of transparent and inclusive negotiations involving all stakeholders, such as the private sector, non-governmental organizations and the scientific community.
Related Links
- SNB Counterparty Solvency Risk Reports
- ARIS Release 5.14 (XLSX)
- Changes in Form (PDF)
- SNB Large Exposure Reports
- Press Release on Artificial Intelligence
Keywords: Europe, Switzerland, Banking, Systemic Risk, Counterparty Credit Risk, Basel, Large Exposures, Credit Risk, Reporting, Artificial Intelligence, Regtech, Swiss Federal Council, SNB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
ECB Consults on Guide on Qualifying Holding Procedures for BanksRelated Articles
EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
EBA Mulls Inclusion of Environmental & Social Risks to Pillar 1 Rules
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
BCBS Consults on Disclosure of Crypto-Asset Exposures of Banks
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
BCBS and EBA Publish Results of Basel III Monitoring Exercise
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
PRA Updates Timeline for Final Basel III Rules, Issues Other Updates
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
US Treasury Sets Out Principles for Net-Zero Financing
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
EC Launches Survey on G7 Principles on Generative AI
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
ISSB Sustainability Standards Expected to Become Global Baseline
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
BCBS Assesses NSFR and Large Exposures Rules in US
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.
