Art. 14 – Compliance with LCR requirements

all positions under Articles 15a, 15b and 16 across all currencies, converted into Swiss francs; and

all positions under Articles 15a, 15b and 16 in Swiss francs, subject to Article 17.

the extent to which holding companies with a banking subsidiary can be exempted from LCR compliance if such compliance by the holding company is not warranted from a regulatory perspective;

the extent to which the parent company of a financial group with a holding structure can be exempted as an individual entity from LCR compliance;

the extent to which provision can be made for less stringent requirements for banks in categories 4 and 5 under Annex 3 of the Banking Ordinance of 30 April 2014²¹ (BankO) with regard to demonstrating LCR compliance.

issue orders that diverge from the regulatory consolidation requirement under Article 7 of the Capital Adequacy Ordinance of 1 June 2012²³ (CAO) if this is necessary in order to capture additional significant interests from a liquidity risk perspective;

impose higher LCR requirements on a bank if this is necessary because of the bank's business activities, the liquidity risk exposure, the business strategy, the quality of liquidity risk management or the sophistication of the technology used.