As announced, the Swiss Financial Market Supervisory Authority FINMA has supplemented its circular on "Capital adequacy disclosure – banks" with points which have been newly defined by the Basel Committee.
The Swiss Financial Market Supervisory Authority FINMA has, as already announced in its press release of 18 July 2012, supplemented its circular on "Capital adequacy disclosure – banks" (FINMA-Circ. 2008/22 (in German)). The revised circular now contains certain points which had not yet been clarified, namely how banks must report their eligible capital under Basel III. This is based on the standards recently put in place by the Basel Committee. Moreover, the Circular sets out the disclosure requirements for systemically important banks as part of the Swiss "too big to fail" regulations. The Circular will come into force as planned on 1 January 2013.