News

03 December 2013
News
Supervision instruments

FINMA has adjusted its circular on "Risk diversification – Banks" (FINMA-Circ. 08/23)

The adjustment redefines that no special weights can be used for short-term claims vis-à-vis systemically important cantonal banks.

This is a direct result of the SNB's recent announcement that the Zürcher Kantonalbank is now regarded as a systemically important bank. The said change enters into force on 1 January 2014 and must be complied with by 31 March 2014 at the latest. Also by this deadline, banks must adhere to the upper limit for a large exposures as specified in the Capital Adequacy Ordinance (Art. 97).

2008/23 FINMA-Rundschreiben "Risikoverteilung Banken" (20.11.2008)

Risikoverteilung bei Banken

Updated: 18.09.2013 Size: 0,18  MB
Add to personal download list