The Swiss Financial Market Supervisory Authority FINMA is publishing the amended Circular on the liquidity risks at banks. The adjustments were made following the Federal Council’s decision to introduce the net stable funding ratio for banks. The amended Circular will come into force at the same time as the adjustments to the Liquidity Ordinance on 1 July 2021.
In September 2020 the Federal Council decided to introduce the net stable funding ratio (NSFR) for banks by mid-2021 and to make corresponding adjustments to the Liquidity Ordinance. This also necessitated an amendment to Circular 2015/2 “Liquidity risks – banks”, which sets out FINMA’s technical supervisory practice. FINMA conducted a consultation exercise regarding these changes. It included various concerns raised by the consultation participants in the Circular. The amended Circular will come into force at the same time as the adjustments to the Liquidity Ordinance on 1 July 2021.
Vinzenz Mathys, Media Spokesperson
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