Switzerland: Financial System Stability Assessment

IMF Staff Country Reports, September 16, 2025

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Switzerland: Financial System Stability Assessment

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Bibliographic details

• Published: September 16, 2025
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229026727.002

Overview and Context

• The Swiss financial system is described as "large, sophisticated, and of global importance, especially through its asset and wealth management services."
• Since the last FSAP, the system "faced significant challenges," most notably during the collapse of Credit Suisse (CS), its second largest Global Systemically Important Bank (G-SIB).
• "Financial stability was preserved through exceptional government measures," which "attracted intense public scrutiny and highlighted salient gaps in supervision and crisis management frameworks."
• Authorities are "rightly seizing the momentum to push for bold reforms, most of which will require parliamentary approval."

Major Themes and Findings

• Systemic importance: Emphasis on asset and wealth management services as channels of global significance.
• Crisis event: Collapse of Credit Suisse identified as the principal shock since the prior FSAP.
• Policy gap: Shortcomings in supervision and crisis management frameworks were exposed by the CS collapse.
• Political and institutional response: Authorities are pursuing bold reforms, contingent on parliamentary approval.

Subjects and Keywords (as listed)

• Subjects:
  • Anti-money laundering and combating the financing of terrorism (AML/CFT)
  • Crime
  • Financial regulation and supervision
  • Financial sector policy and analysis
  • Financial sector stability
  • Stress testing
  • Systemic risk
• Keywords:
  • Anti-money laundering and combating the financing of terrorism (AML/CFT)
  • bank liquidity
  • bank solvency stress test result
  • C. bank stress testing
  • climate risk analysis
  • Financial sector stability
  • FSAP finding
  • Global
  • liquidity shock
  • Stress testing
  • Systemic risk
  • work of the Financial Sector Assessment Program

Access and Formats Noted on Page

• The page indicates availability of a PDF ("Download PDF") and "More Formats on IMF eLibrary."
• Citation preview provided in Chicago format: International Monetary Fund. Monetary and Capital Markets Department "Switzerland: Financial System Stability Assessment", IMF Staff Country Reports 2025, 266 (2025), accessed 8/27/2026, https://doi.org/10.5089/9798229026727.002

Source: Switzerland: Financial System Stability Assessment (IMF Staff Country Report 2025/266).

Content in this bundle

• Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025
  • Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025 (Markdown version)
  • Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025 (PDF)