IMF Staff Country Reports

Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency

June 3, 2002

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International Monetary Fund. Monetary and Capital Markets Department "Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency", IMF Staff Country Reports 2002, 108 (2002), accessed November 22, 2024, https://doi.org/10.5089/9781451807264.002

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Summary

This paper presents key findings of Switzerland’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency. Overall, financial institutions in Switzerland are well capitalized, but the risks of the current environment should not be underestimated. The large internationally active banks have suffered from the recent asset market volatility and the global economic slowdown. The domestically oriented banks are well capitalized, but their lower level of underlying profitability makes them sensitive to the economic cycle.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Financial regulation and supervision, Financial services, Insurance, Insurance companies, Pension spending

Keywords: Cantonal bank, Central bank, CR, Financial system, Global, Headline inflation, Insurance, Insurance companies, Interest rate, Investment fund, ISCR, Liquidity position, Market share, Monetary policy, Pension spending, Private banking, Raiffeisen bank

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