Financial sector assessment by the IMF
Bern, 17.12.2013 - The International Monetary Fund (IMF) has conducted an extensive review of Switzerland's financial sector within the scope of the Financial Sector Assessment Program. The IMF assesses the stability of the financial sector as well as the compliance of Switzerland's framework with the international standards for banking and insurance supervision, and the regulation of securities trading. The results of the assessment will be published in the spring of 2014.
From 4 to 17 December, an IMF delegation led by Charles Enoch, Deputy Director of the Monetary and Capital Markets Department spoke with representatives of the Swiss Financial Market Supervisory Authority FINMA, the Swiss National Bank, the Federal Department of Finance and the private sector. These discussions marked the end of a series of visits by the IMF delegation to Switzerland over the past few months.
The results of the assessment will be summarised in a Financial Sector Stability Assessment report by the time of the regular country report within the framework of the so-called Article IV consultation, scheduled for mid-March 2014. Following discussion by the Executive Board, this report will then be published, together with the Article IV report and Switzerland's views.
The assessment within the framework of the IMF's Financial Sector Assessment Program takes place roughly every five years. This regular review is mandatory for countries with globally important financial centres. Switzerland's last assessment took place in 2006/2007.
Address for enquiries
Mario Tuor, Communications, State Secretariat for International Financial Matters (SIF)
+41 31 322 46 16, mario.tuor@sif.admin.ch
Publisher
Federal Department of Finance
https://www.efd.admin.ch/efd/en/home.html