FINMA annually publishes a selection of regulatory key metrics for banks and securities firms as a means of heightening transparency and enabling comparisons. As its basis, it uses the publicly available figures and information that banks in Switzerland are required to publish within four months of their financial year (i.e. generally by the 30 April) under the terms of FINMA Circular 2016/1 "Disclosure - banks". Institutions participating in the small banks regime are partially exempt from these disclosure requirements.