Regulatory Alerts2020-11-04
FINMA Circular 2008/14 Supervisory Reporting - Banks
The Swiss Financial Market Supervisory Authority (FINMA) issues this circular to mandate that banks, securities firms, and financial groups submit annual and semi-annual supervisory reports to the Swiss National Bank (SNB) and audit firms. The reporting requirements cover consolidated and individual basis data, including detailed balance sheets, income statements, and information on qualified shareholders, to enable risk-oriented supervision. Additionally, the document defines the principles for securing privileged deposits by specifying which assets are eligible or ineligible for credit against these liabilities.
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