2013-05-29

FINMA Circular 2013/7 Limitation of Intra-Group Positions - Banks

FINMA issues Circular 2013/7 to restrict the exemption from exposure limits for intra-group positions held by banks and custodian securities houses within financial groups. The regulation mandates that institutions limit such positions based on criteria including counterparty solvency, the quality of consolidated supervision, and the proportionality of exposures to own funds. It further requires detailed reporting and legal verification of netting agreements to prevent risks from being improperly outsourced or financing own funds.

Switzerland

Swiss Financial Market Supervisory Authority

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