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
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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.
Series:
Country Report No. 2002/108
Subject:
Banking Commercial banks Expenditure Financial institutions Financial regulation and supervision Financial services Insurance Insurance companies Pension spending
English
Publication Date:
June 3, 2002
ISBN/ISSN:
9781451807264/1934-7685
Stock No:
1CHEEA0032002
Pages:
76
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