FINMA publishes amended “Liquidity Risks – Banks” Circular

December 15, 2017

FINMA has published FINMA Circular 2015/2 “Liquidity risks – banks”, which simplifies the way in which the rule on liquidity coverage ratio is applied to small banks. The circular also includes clarifications previously set forth in FINMA’s frequently asked questions (FAQs) and recommendations from the Basel Committee on Banking Supervision in connection with its review of Swiss liquidity regulations (Regulatory Consistency Assessment Program). Revision of this circular had been necessitated by the Federal Council’s amendment to a number of provisions on bank liquidity in the Liquidity Ordinance. The circular will enter into force on January 1st 2018.

For further details, please refer to the full press release here.

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