Survey documents

Large Exposure Reporting (LER)

Name of survey
LER_U, LER_K, LER20_U, LER20_K
Forms
LERxx, LER20xx
Coverage
Data in accordance with the large exposure rules and FINMA Circular 19/1 "Risk diversification – banks"
Type of survey
LER_U, LER20_U -> Full sample survey
LER_K, LER20_K -> Partial sample survey
Reporting institutions
Single entity basis:
All banks and securities dealers, as defined by the Banking Act of 8 November 1934 and the Stock Exchange Act of 24 March 1995, with the exception of branches of foreign banks and securities dealers. The Liechtenstein banks are excluded from this reporting.

Consolidated basis:
The proprietary companies of financial groups or of financial conglomerates dominated by banks or security traders, which are subject to group and conglomerate supervision by FINMA, are required to report data, and in this context are required to comply with capital adequacy and large exposure reporting regulations on a consolidated basis. Proprietary companies of subsidiary financial groups are also required to report data in accordance with art. 11 Capital Adequacy Ordinance (CAO), unless they have been exempted from this obligation by FINMA.

Depending on the organisation of the finance group or financial conglomerate, a proprietary company may be
- a bank with its head office in Switzerland or
- a securities trader with its head office in Switzerland
- an asset manager, as defined by the Federal Act on Capital Investment Schemes (CISA), with their head office in Switzerland or
- a holding company in accordance with art. 4 para. 1 let. b Banking Ordinance.
Reporting entity
LER_U, LER20_U -> Parent company
LER_K, LER20_K -> Group
Frequency
LER_U -> Quarterly
LER_K -> Semiannually
LER20_U, LER20_K -> Annually
Deadline
6 weeks
Participants
Swiss Financial Market Supervisory Authority (FINMA)

Current survey releases

20 Largest Exposures Reporting: Group (LER20_K)

20 Largest Exposures Reporting: Parent (LER20_U)

Large Exposure Reporting: Group (LER_K)

Large Exposure Reporting: Parent (LER_U)