IMF Staff Country Reports

Switzerland: Financial System Stability Assessment Update

June 4, 2007

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International Monetary Fund. Monetary and Capital Markets Department "Switzerland: Financial System Stability Assessment Update", IMF Staff Country Reports 2007, 187 (2007), accessed November 24, 2024, https://doi.org/10.5089/9781451807325.002

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Summary

This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals that current domestic macroeconomic and financial sector conditions are favorable, and the main downside risks to the financial sector are external. Stress tests confirm the banking system’s resiliency but that some insurers are vulnerable to market risks. Several pension funds are underfunded and need to strengthen their funding levels. Impressive progress has been made to strengthen the financial sector supervisory framework since the 2001 Financial Sector Assessment Program.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Financial sector policy and analysis, Hedge funds, Insurance companies, Pension spending, Stress testing

Keywords: Bank, Bank assets, Banking sector, Cantonal bank, Commercial banks, CR, Credit derivative, Global, Hedge fund, Hedge funds, Insurance companies, ISCR, Large bank, Market, Pension spending, SFBC, Stress testing, Switzerland

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