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Art. 12 – Captives for operational risk

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Art. 12

Captives for operational risk

Subject to approval by FINMA, group entities with the sole purpose of insuring operational risk within the group may be fully consolidated at financial group level in the same way as group entities operating in the financial sector and, if appropriate, solo consolidation may be used (Art. 10 para. 3).

Legal act context
SR 952.03 · CAO · Ordinance · Ordinance of 1 June 2012 on the Capital Adequacy and Risk Diversification of Banks and Securities Firms (Capital Adequacy Ordinance, CAO)
Structure path
Title 1 General Provisions Chapter 2 Consolidation
Language
English (en)
Data status
2025-01-24

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