Regulatory Alerts2023-03-08
FINMA Circular 2015/2 Liquidity Risks - Banks
The Swiss Financial Market Supervisory Authority (FINMA) issues this circular to specify qualitative and quantitative requirements for banks regarding liquidity risk management, the Liquidity Coverage Ratio (LCR), and the Net Stable Funding Ratio (NSFR). It mandates that banks implement robust internal controls, stress testing, and limit systems to ensure continuous solvency, while allowing proportional simplifications for smaller institutions. The document details specific calculation methodologies, asset eligibility criteria, and reporting obligations to align with the Liquidity Ordinance and international standards.
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