Swiss FINMA’s ‘Guidance on Disclosure of Crypto-Based Assets’ clarifies that banks must report them as custody assets, and not fiduciary transactions in their annual financial statements

FINMA publishes an oversight communication clarifying the disclosure of crypto-based assets in banks’ annual financial statements under its Guidance 03/2025. It confirms that previous disclosure obligations remain in force, allows banks pragmatic flexibility in presentation, and removes the requirement to report fiduciary-held cryptocurrencies in supervisory reporting while continuing to collect data via a dedicated EHP survey…