Switzerland: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing
November 24, 2025
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The Swiss financial system has navigated turbulent times since the 2019 FSAP. The COVID 19 pandemic, geopolitical conflicts, and the collapse of Credit Suisse (CS) in 2023—previously the second largest G-SIB relative to domestic GDP in the world—have tested the resilience of the Swiss financial center and the economy. Financial stability has been maintained, even though the government-assisted merger between UBS and CS, entailing significant contingent fiscal liabilities, has undermined the credibility of the Too-Big-To-Fail (TBTF) regime and revealed gaps in supervision, resolution, and crisis management in Switzerland.
Subject: Expenditure, Financial institutions, Financial sector policy and analysis, Insurance, Labor, Mortgages, Pension spending, Pensions, Solvency, Stress testing
Keywords: banking system profitability, coverage ratio, financial system structure, Global, Insurance, Insurance, Mortgages, Pension spending, Pensions, Pensions, Solvency, Solvency, solvency risk, solvency stress test, Stress testing, Stress testing
Pages:
122
Volume:
2025
DOI:
Issue:
311
Series:
Country Report No. 2025/311
Stock No:
1CHEEA2025011
ISBN:
9798229032872
ISSN:
1934-7685
