Switzerland : 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Switzerland.

Publication Date: May 26, 2011

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Summary: Although progress has been made in strengthening the Swiss economy, systemic risks posed by large banks as well as revisions to the macroprudential framework are still in train. The authorities welcomed the too-big-to-fail (TBTF) legislation and intervention of the Swiss National Bank (SNB) on strengthening financial sector stability, and stressed the need of a strong macroprudential framework and a legal framework with regard to crisis prevention. The authorities supported adherence to the Swiss debt brake rule, and emphasized that sustainability of public finances should be further improved.
Series: IMF Staff Country Reports
Subject(s): Article IV consultation reports | Bank supervision | Banks | Central bank policy | Credit risk | Deposit insurance | Economic indicators | Financial institutions | Financial sector | Staff Reports

Publication Date: May 26, 2011
ISBN/ISSN: 9781455284603/1934-7685 Format: Paper
Stock No: 1CHEEA2011001 Pages: 62
US$18.00 (Academic Rate:
US$18.00 )
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