The Commitment-II approach under the revised CISO-FINMA | KPMG | CH

The Commitment-II approach under the revised CISO-FINMA

The Commitment-II approach under the revised CISO-FINMA

On 1 January 2015 the revised regulations of CISO-FINMA regarding the use of derivatives under the commitment-II approach came into force. The new requirements are bringing about new challenges but also chances for providers of Swiss funds.

1000

Related content

Commitment-II approach

Summary of key changes

  • Transition rules for implementation until 1 January 2016
  • Implementation of European “Commitment approach” according to CESR-Guideline 10-788 into Swiss law
  • Extended definition of “global exposure” of funds by adding two more components
  • Exclusive view on creation of “market risk” by use of derivatives opens up new possibilities for asset management techniques
  • More rigorous requirements for the recognition of a netting- or hedging arrangement

© 2017 KPMG Holding AG is a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved.

Connect with us

 

Request for proposal

 

Submit