Switzerland’s FINMA extends Leverage Ratio exemption of central bank assets

In Guidance 06/2020 of 19 May 2020, FINMA adjusts the periods of various exemptions already granted. Clients are continuing to hold unusually large deposits with Swiss banks. FINMA is therefore extending the exemption for the calculation of the leverage ratio (exclusion of central bank reserves) for all banks until 1 January 2021 (previously 1 July 2020).

FINMA is also setting out in more detail the handling of durations for loans procured as part of the SNB’s COVID-19 refinancing facility (CRF) for calculating the net stable funding ratio (NSFR).

The full guidance is available at https://www.finma.ch/en/news/2020/05/20200519-news-aufsichtsmitteilung-062020/

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