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 Poli

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

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2002 Issue 108

Publication date: June 2002

ISBN: 9781451807264

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Topics covered in this book

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Banks and Banking , Public Finance , Business and Financial , ISCR , CR , interest rate , private banking , cantonal bank , Raiffeisen bank , headline inflation , liquidity position , market share , financial system , monetary policy , central bank , investment fund , Insurance , Insurance companies , Pension spending , Global

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Summary

This paper presents key findings of Switzerland’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency. Overall, financial institutions in Switzerland are well capitalized, but the risks of the current environment should not be underestimated. The large internationally active banks have suffered from the recent asset market volatility and the global economic slowdown. The domestically oriented banks are well capitalized, but their lower level of underlying profitability makes them sensitive to the economic cycle.