IMF Staff Country Reports

Switzerland : Financial System Stability Assessment Update

Author/Editor:

International Monetary Fund

Publication Date:

June 4, 2007

Electronic Access:

Free Full text (PDF file size is 432 KB).Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 07/187

Subject:

Bank supervision Banking systems Financial institutions Financial sector Financial Sector Assessment Program Financial soundness indicators Financial system stability assessment Financial systems Insurance Investment Loans Pensions Switzerland