Illustrative Consolidated Financial Statements

Illustrative Consolidated Financial Statements

The Swiss Financial Market Supervisory Authority ("FINMA") Circular ("Circ.") 15/01 "Accounting - banks / Accounting rules for banks, securities dealers, financial groups and conglomerates" has replaced the FINMA Circ. "Accounting - banks / Guidelines on accounting standards under Art. 23 to Art. 27 of the Banking Ordinance" (hereafter "FINMA Circ. 08/02").

Related content

Its purpose is to complement and specify the provisions on accounting and filing financial reports set out by the revised version of the Swiss Code of Obligations ("CO"), the revised Federal Act on Banks and Savings Banks ("BA") and the revised Federal Ordinance on Banks and Savings Banks ("BO"). The Circular introduces changes with respect to presentation requirements applicable to the minimum structure of the financial statements. It is binding for financial periods commencing on or after 1 January 2015. Transitional provisions are applicable to some key areas, such as individual valuation and goodwill depreciation.

Banking

Regulations, capital requirements and digitization are among the challenges currently facing the banking industry. KPMG has some innovative solutions.

 
Read more

Circular 2015/01 Accounting - Banks

Official FINMA circular about accounting guidelines for banks, securities dealers, financial groups and conglomerates (AGB).

 
Read more

© 2016 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

KPMG's Marketplace

Find the right people – right now. Get direct access to highly skilled professionals.