8/17/2019 FAQ Leverage Ratio Und Deren Offenlegung
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Frequently asked questions (FAQs)
Leverage ratio and leverage ratio disclosure
(status: 27 May 2015)
A. FINMA Circular 2015/3 "Leverage Ratio" – the
calculation of unweighted
leverage ratio at banks
1. Can future repurchasing of own shares and future dividend
payments be deducted from
the overall exposure?
No. Although both positions are booked as a reduction in equity
capital, the overall exposure cannot
subsequently be reduced. This is because those reductions relate
to liabilities and not to assets which
are to be deducted from Tier 1 capital, explaining why margin
no. 16 of FINMA Circ. 15/3 is not ap-
plied. Consequently, funds continue to be available for the bank
to invest and to increase its leverage,
as long as there is no repurchasing and no dividends are paid
out.
2. Can the factor of 0.71 be used to calculate derivatives
exposure in accordance with margin
number 408.19 of FINMA Circ. 08/19 "Credit risks - banks"?
No. For the market value method, FINMA Circ. 15/3 refers in
margin no. 22 only to margin nos. 16-63
of FINMA Circ. 08/19. Margin payments reduce the risk-weighted
capital requirements only, but not
the calculation of overall exposure for leverage ratio. This is
why margin no. 408.19 FINMA Circ. 08/19
does not apply to the calculation of leverage ratio.
B. FINMA Circular 2008/22 "Disclosure - banks"
– disclosure requirements for
equity capital and liquidity
3. The disclosure requirements for leverage ratio are set out in
Section XI (Tables 11a, 11b).
Is it sufficient to report as per current reporting date? Is it
possible to report material
changes in the leverage ratio as prescribed in margin no. 36.2
in writing only?
Yes in both cases. Tables 11a and 11b reflect the bank’s
situation on that specif ic reporting date. Mar-
gin no. 36.2 specifies that appropriate explanations are
required, if the new publication (Tables 11a,
11b) contains figures that deviate considerably from the last
disclosure. The written form suffices.
