Switzerland: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing

International Monetary Fund

No 2025/311, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: solvency stress test; solvency risk; banking system profitability; coverage ratio; financial system structure; Stress testing; Solvency; Pensions; Insurance; Pension spending; Global (search for similar items in EconPapers)
Pages: 122
Date: 2025-11-24
New Economics Papers: this item is included in nep-fdg and nep-inv
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