Switzerland: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Switzerland.
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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:
Country Report No. 2011/115
Subject:
Banking Exchange rates Exports Financial crises Financial institutions Income Insurance companies International trade Mortgages National accounts
English
Publication Date:
May 26, 2011
ISBN/ISSN:
9781455284603/1934-7685
Stock No:
1CHEEA2011001
Pages:
62
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