{
  "title": "Switzerland: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, September 16, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/09/16/switzerland-financial-system-stability-assessment-570432",
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  "summary": "The Swiss financial system is large, sophisticated, and of global importance, especially through its asset and wealth management services.",
  "sections": [
    {
      "heading": "Overview and Context",
      "content": "- The Swiss financial system is described as \"large, sophisticated, and of global importance, especially through its asset and wealth management services.\"\n- 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).\n- \"Financial stability was preserved through exceptional government measures,\" which \"attracted intense public scrutiny and highlighted salient gaps in supervision and crisis management frameworks.\"\n- Authorities are \"rightly seizing the momentum to push for bold reforms, most of which will require parliamentary approval.\""
    },
    {
      "heading": "Major Themes and Findings",
      "content": "- Systemic importance: Emphasis on asset and wealth management services as channels of global significance.\n- Crisis event: Collapse of Credit Suisse identified as the principal shock since the prior FSAP.\n- Policy gap: Shortcomings in supervision and crisis management frameworks were exposed by the CS collapse.\n- Political and institutional response: Authorities are pursuing bold reforms, contingent on parliamentary approval."
    },
    {
      "heading": "Subjects and Keywords (as listed)",
      "content": "- Subjects:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - Crime\n  - Financial regulation and supervision\n  - Financial sector policy and analysis\n  - Financial sector stability\n  - Stress testing\n  - Systemic risk\n- Keywords:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - bank liquidity\n  - bank solvency stress test result\n  - C. bank stress testing\n  - climate risk analysis\n  - Financial sector stability\n  - FSAP finding\n  - Global\n  - liquidity shock\n  - Stress testing\n  - Systemic risk\n  - work of the Financial Sector Assessment Program"
    },
    {
      "heading": "Access and Formats Noted on Page",
      "content": "- The page indicates availability of a PDF (\"Download PDF\") and \"More Formats on IMF eLibrary.\"\n- 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\n\nSource: Switzerland: Financial System Stability Assessment (IMF Staff Country Report 2025/266).\n\n---\n\n Content in this bundle\n\n- Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025\n  - Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 16, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229026727.002",
    "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.\"",
    "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:",
    "Keywords:",
    "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",
    "**Switzerland: Financial System Stability Assessment; IMF Country Report No. 25/266; August 26, 2025**"
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