Switzerland: Financial System Stability Assessment Update

International Monetary Fund

No 2007/187, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals that current domestic macroeconomic and financial sector conditions are favorable, and the main downside risks to the financial sector are external. Stress tests confirm the banking system’s resiliency but that some insurers are vulnerable to market risks. Several pension funds are underfunded and need to strengthen their funding levels. Impressive progress has been made to strengthen the financial sector supervisory framework since the 2001 Financial Sector Assessment Program.

Keywords: ISCR; CR; bank; hedge fund; market; SFBC; Switzerland; large bank; banking sector; credit derivative; bank assets; cantonal bank; Hedge funds; Insurance companies; Commercial banks; Stress testing; Pension spending; Global (search for similar items in EconPapers)
Pages: 46
Date: 2007-06-04
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