Switzerland: Financial Sector Stability Assessment

May 28, 2014

Preview Citation

Format: Chicago

Switzerland: Financial Sector Stability Assessment, (USA: International Monetary Fund, 2014) accessed September 20, 2024

Summary

This paper discusses key findings of the Financial System Stability Assessment on Switzerland. Stress tests indicate that the Swiss banks are robust against even severe shocks. Banks have increased their capital, and the two global banks have achieved substantial deleveraging. Swiss Financial Market Supervisory Authority has focused on significantly improving the quality of its supervision. Real estate bubbles appear to be emerging. With monetary instruments not available, macroprudential instruments are being introduced, but so far are limited and untested. Interest rates are negative at some maturities, threatening the business models of life insurance and pension companies.

Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Mortgages, Stress testing, Systemic risk

Keywords: Bank, Bank governance, Bank intervention, Banking sector, Bridge bank power, Cantonal bank, Capital, Commercial banks, CR, Exchange rate, FINMA, Global, Insurance, Insurance companies, Interest rate, ISCR, Securities activity, Senior debt, Stress testing, Switzerland, Systemic risk, TBTF bank, Wealth management bank

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/143
Stock No:

1CHEEA2014002
ISBN:

9781498340809
ISSN:

1934-7685

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