Switzerland: Financial Sector Assessment Program: Detailed Assessment of Observance of Financial Sector Standards and Codes

August 5, 2009

Preview Citation

Format: Chicago

Switzerland: Financial Sector Assessment Program: Detailed Assessment of Observance of Financial Sector Standards and Codes, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Summary

This paper discusses key findings of the detailed assessment of observance of financial sector standards and codes in Switzerland. Switzerland has a relatively unique banking sector, with a high market concentration by the two largest domestic banks. The overall assessment of the peer-review team is that Switzerland is generally in compliance with the Basel Core Principles with two exceptions where the Swiss Federal Banking Commission (SFBC) is deemed largely compliant. The two exception areas are budgetary independence and banking activities not subject to SFBC supervision.

Subject: Auditing, Banking, External audit, Financial institutions, Financial statements, Insurance, Public financial management (PFM), Securities

Keywords: Auditing, Central bank, CR, Europe, External audit, External auditor, Financial market, Financial statements, Global, Independent auditor, Insurance, Internal audit, ISCR, Monetary policy, Parent company, Securities

Publication Details

Pages:

170
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/243
Stock No:

1CHEEA2009003
ISBN:

9781451807431
ISSN:

1934-7685

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