FINMA Circular 2015/2 Liquidity Risks - Banks

Laupenstrasse 27, 3003 Bern Tel. +41 (0)31 327 91 00, Fax +41 (0)31 327 91 01 www.finma.ch Circular 2015/2 Liquidity Risks – Banks Qualitative requirements for liquidity risk management and quantitative requirements for liquidity holdings Reference: FINMA-Circular 15/2 “Liquidity Risks – Banks” Issued: 3 July 2014 Entry into force: 1 January 2015 Last amendment: 8 March 2023 [Amendments are marked with * and listed at the end of the document] Concordance: formerly FINMA-Circular 13/6 “Liquidity Banks” of 1 January 2013 Legal basis: FINMA Act Art. 7 para. 1 lit. b Banking Act Art. 4 para. 2 Liquidity Ordinance Art. 1 para. 2, Art. 3, 5, 6, 7, 8, 9, 10, 14, 15 para. 2, 3 and 4, 15a, 15b, 15c, 15d, 15e, 16, 17, 17a, 17b, 17c, 17d, 17h, 17i, 17j, 17k, 17l, 17m 17n, 17p, 17q Annex 1: Netting mechanisms and secured financing transactions Annex 2: Liquidity proof: Simplifications for small banks Annex 3: Netting mechanisms and secured financing transactions: Calculation example for small banks Annex 4: Funding proof: Simplifications for small banks Annex 5: Glossary

Addressees Banking Act Insurance Supervision Act Financial Market Infrastructure Act Financial Market Act Collective Investment Schemes Act Anti-Money Laundering Act Others Banks x Financial groups and conglomerates x Other intermediaries x Insurers x Insurance groups and conglomerates x Intermediaries x Asset managers x Trustees x Managers of collective assets x Fund management companies x Custodial securities firms x Non-custodial securities firms x Trading venues x Central counterparties x Central securities depositories x Transaction registers x Payment systems x Participants SICAV KmG for KKA SICAF Custody banks Representatives of foreign KKA Other intermediaries SRO SRO-supervised entities Audit firms Rating agencies x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x 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