## Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency

_IMF Staff Country Reports, June 3, 2002_

## Source details

**Canonical URL:** [Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency](https://www.imf.org/en/publications/cr/issues/2016/12/30/switzerland-financial-system-stability-assessment-including-reports-on-the-observance-of-15873)

## Other formats

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## Bibliographic details
- Published: June 3, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807264.002

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### Report scope and metadata
- Publication date: June 3, 2002
- Topics covered: Banking Supervision; Securities Regulation; Insurance Regulation; Payment Systems; Monetary and Financial Policy Transparency
- Publication series: Country Report No. 2002/108
- Issue: 108
- Volume: 2002
- Pages: 76
- DOI: https://doi.org/10.5089/9781451807264.002
- Stock No: 1CHEEA0032002
- ISBN: 9781451807264
- ISSN: 1934-7685
- Subject classification: Banking, Commercial banks, Expenditure, Financial institutions, Financial regulation and supervision, Financial services, Insurance, Insurance companies, Pension spending
- Keywords: cantonal bank, central bank, CR, financial system, Global, headline inflation, Insurance, Insurance companies, interest rate, investment fund, ISCR, liquidity position, market share, monetary policy, Pension spending, private banking, Raiffeisen bank

### Key findings
- Overall assessment:
  - Financial institutions in Switzerland are well capitalized.
  - The risks of the current environment should not be underestimated.
- Large internationally active banks:
  - Have suffered from the recent asset market volatility and the global economic slowdown.
- Domestically oriented banks:
  - Are well capitalized.
  - Their lower level of underlying profitability makes them sensitive to the economic cycle.

### Implicit systemic considerations (derived from findings presented)
- Capital adequacy is a strength across Swiss financial institutions, but exposure differs by bank type:
  - Internationally active banks: vulnerability to asset market volatility and global slowdown.
  - Domestically oriented banks: vulnerability to domestic economic cycle due to lower profitability.
- Monitoring and supervision priorities implied by the assessment:
  - Continue close supervision of large internationally active banks given market and global growth risks.
  - Monitor profitability and cyclical sensitivity of domestically oriented banks to detect stress early.

*International Monetary Fund. Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency. IMF Staff Country Reports 2002, 108 (2002).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/switzerland-financial-system-stability-assessment-including-reports-on-the-observance-of-15873_