Switzerland: Financial Sector Assessment Program: Factual Update: Basel Core Principles for Effective Banking Supervision

IMF Staff Country Reports, June 13, 2007

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Switzerland: Financial Sector Assessment Program: Factual Update: Basel Core Principles for Effective Banking Supervision

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Bibliographic details

• Published: June 13, 2007
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451807332.002

Overview

• Presents a factual update of the 2001 assessment of Switzerland’s compliance with the 1997 Basel Core Principles for Effective Banking Supervision (BCP).
• Includes a follow-up on implementation of the 2001 BCP assessment undertaken in the context of the original Financial Sector Assessment Program in 2001.
• Publication date: June 13, 2007.

Major findings

• The Swiss Federal Banking Commission (SFBC) has made impressive progress both organizationally and to its supervisory practices to strengthen Switzerland’s banking supervisory framework.
• The SFBC has significantly improved its outreach to foreign supervisors.
• The SFBC has significantly improved its collaboration with external auditors and the industry.

Subject areas and keywords

• Subject: Auditing; Banking; Basel Core Principles; Basel II; External audit; Financial regulation and supervision; Financial Sector Assessment Program; Financial sector policy and analysis; Public financial management (PFM).
• Keywords: Auditing; auditor; authority; bank; Basel Core Principles; Basel II; budgetary independence; CR; External audit; Financial Sector Assessment Program; ISCR; licensing regime; risk profile; SFBC Banking ordinance; SFBC circular; SFBC meeting frequency; SFBC staff.

Content in this bundle

• _cr07198 — Section 1 and Section 2
  • _cr07198 — Section 1 and Section 2 (Markdown version)
  • _cr07198 — Section 1 and Section 2 (PDF)