Liquidity Ordinance (LiqO)
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.
Art. 1 Subject matter
1 This Ordinance governs qualitative and quantitative liquidity requirements for banks in accordance with the BankA and account-holding securities firms pursuant to the FinIA (hereinafter banks). 2 FINMA shall issue technical implementing provisions.
Para. 1 — Amended by Annex 1 No II 11 of the Financial Institutions Ordinance of 6 Nov. 2019, in force since 1 Jan. 2020 (AS 2019 4633).
Art. 1a Basel Minimum Standards
1 In this Ordinance, Basel Minimum Standards means those documents of the Basel Committee on Banking Supervision (BCBS) that this Ordinance declares to be relevant, in particular for calculating liquidity requirements. 2 The relevant authoritative version of the Basel Minimum Standards is set out in Annex 1 hereto, as well as in Annex 1 of the Capital Adequacy Ordinance of 1 June 2012 (CAO).
Art. 1a — Inserted by Annex No 3 of the O of 29 Nov. 2023, in force since 1 Jan. 2025 (AS 2024 13). Para. 2 — SR 952.03
Art. 2 Principles
1 Every bank shall, at all times, maintain sufficient liquidity to meet its payment obligations even in stress situations. 2 It shall maintain a sufficient and sustainable liquidity reserve against short-term deteriorations in liquidity, and shall ensure appropriate medium- to long-term funding.
Para. 2 — Amended by No I of the O of 22 Nov. 2017, in force since 1 Jan. 2018 (AS 2017 7635).