1 The bank shall report all outstanding risk concentrations and other large credit exposures to its body responsible for overall management, supervision and control:
- a.
- quarterly on an individual entity basis;
- b.
- semi-annually on a consolidated basis.
2 The reports must be submitted to the statutory banking audit firm and the Swiss National Bank within six weeks of the end of the quarter or half-year, using the form prescribed by FINMA.
3 The following reference dates apply for the reports:
- a.
- total exposure: last day of the current quarter and half-year;
- b.
- Tier 1 capital: last day of the current or preceding quarter and half-year.
4 Specifically, the following must be reported:
- a.
- all risk concentrations;
- b.
- all exposures amounting to at least 10% of eligible Tier 1 capital, without applying the risk mitigation under Article 119 paragraph 1;
- c.
- all total exposures for which there is no upper limit and which amount to at least 10% of eligible Tier 1 capital.
5 In addition, each year the twenty largest total exposures must be reported, irrespective of whether or not they constitute risk concentrations, excluding total exposures to central banks and central governments.
6 For the exposures under paragraphs 4 and 5, values both before and after applying the risk mitigation under Article 119 paragraph 1 must be reported.
7 If a risk concentration involves a member of the management or holder of a qualified participation under Article 3 paragraph 2 letter cbis of the BankA or a related person or company, the risk concentration must be reported under the collective heading «management business».
8 If a risk concentration involves a group company, the risk concentration must be reported under the collective heading «group business». The components of the «group business» item that are exempted from the upper limit in accordance with Article 111a paragraph 1 and Article 112 paragraph d must also be reported.
9 The audit firm shall assess the internal controls carried out by the bank to ensure correct risk identification and reporting, and shall examine the trend of risks.