Switzerland: Financial System Stability Assessment Update
Electronic Access:
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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. 2007/187
Subject:
Banking Commercial banks Expenditure Financial institutions Financial sector policy and analysis Hedge funds Insurance companies Pension spending Stress testing
English
Publication Date:
June 4, 2007
ISBN/ISSN:
9781451807325/1934-7685
Stock No:
1CHEEA2007002
Pages:
46
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