Objectives, independence,
powers, transparency,
and cooperation
BCP 1
Revise provisions in Article 7 of the draft
FINMA Act, which presently could give
industry representatives excessive
leverage in opposing regulation.
Continue to advance the depth of staff
expertise and skills.
No action taken on the provision, but FINMA has
been strengthening and updating regulation. A
measure to narrow the eligibility for the FINMA
Board members was recently introduced.
FINMA has increased the number of staff as well as
training for staff. It also hired staff with private
sector experiences.
Prudential regulation and
requirements
BCP 6–18
As part of Basel II implementation, review
in depth the capital adequacy of the two
large banks.
Develop an advanced supervisory
framework for bank-specific liquidity risks.
FINMA has started requiring a stricter capital
planning process for the two big banks to ensure
these banks are adequately capitalized, including
use of stress-testing. A higher minimum capital
ratio is also applied to these banks to reflect their
systemic importance.
An enhanced quantitative liquidity requirement,
modeled after the LCR, is introduced for the two
large banks since 2010. FINMA plans to introduce
Basel III LCR from 2015.
Methods of ongoing
banking supervision
BCP 9–21
Consider advancing engagement with
banks through performing more
onsite discovery work.
FINMA has gradually been increasing onsite visit to
banks by its own staff, particularly for larger banks.
Also, some of these are horizontal in nature,
focusing on a particular theme in various banks.
Onsite visits to smaller banks are seemingly still
limited.
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