Switzerland: Financial Sector Stability Assessment; imf country Report 14/143; April 16, 2014

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©2014 International Monetary Fund 
IMF Country Report No. 14/143 
SWITZERLAND 
FINANCIAL SECTOR STABILITY ASSESSMENT 
This Financial System Stability Assessment on Switzerland was prepared by a staff team of the 
International Monetary Fund. It is based on the information available at the time it was 
completed on April 16, 2014.
Copies of this report are available to the public from 
International Monetary Fund  Publication Services 
PO Box 92780  Washington, D.C. 20090 
Telephone: [phone]  Fax: [phone] 
E-mail: 
[e-mail]
Web: 
http://www.imf.org
Price: $18.00 per printed copy 
International Monetary Fund 
Washington, D.C. 
May 2014 

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SWITZERLAND 
FINANCIAL SYSTEM STABILITY ASSESSMENT 
Approved By 
Christopher Towe 
and Reza Moghadam 
Prepared By 
Charles Enoch and 
Miguel Segoviano 
This report is based on the work of the Financial Sector 
Assessment Program (FSAP) mission that visited Switzerland 
during the periods September 11–24 and December 4–16, 2013.
1
The previous FSAP update took place in 2006. The 
implementation status of its key recommendations can be found 
in Table 1. The findings were discussed with the authorities on 
March 20–24, 2014. 
 
The FSAP team was led by Charles Enoch (Mission Chief) and included Miguel 
Segoviano (Deputy Mission Chief), Carlos Caceres, Marc Dobler, Eija Holttinen, 
Nadege Jassaud, Fabian Lipinsky, Erik Lundback, Rodolfo Wehrhahn, Froukelien 
Wendt, Mamoru Yanase (all MCM); Mario Tamez (LEG); Yingbin Xiao (EUR); Nick Le 
Pan, and Mimi Ho (both external experts). 
 
FSAPs assess the stability of the financial system as a whole and not that of 
individual institutions. They are intended to help countries identify key sources of 
systemic risk in the financial sector and implement policies to enhance its resilience 
to shocks and contagion. Certain categories of risk affecting financial institutions, 
such as operational or legal risk, or risk related to fraud, are not covered in FSAPs. 
1
Further information on the FSAP program can be found at 
http://www.imf.org/external/np/fsap/fssa.aspx
. 
April 16, 2014 

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SWITZERLAND