Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Europe > Switzerland

You are looking at 1 - 10 of 12 items for :

  • Type: Journal Issue x
  • Banks and banking; State supervision x
Clear All Modify Search
Cover Departmental Papers
Strengthening Bank Regulation and Supervision: National Progress and Gaps
Ljubica Dordevic
,
Caio Ferreira
,
Moses Kitonga
, and
Katharine Seal
The paper employs two complementary strategies. First, it is pursues textual analysis (text mining) of the assessment reports to identify successes and challenges the authorities are facing. Second, it analyzes the grades in the Basel Core Principles assessments, including their evolution and association with bank fragility.
Keywords:
Bank Supervision; Bank Regulation; Basel Accords; Basel Core Principles; Global Financial Crisis; Prudential Requirements; credit risk; liquidity standard; bank capital adequacy; Basel III capital; liquidity risk; liquidity shock; risk assessment; liquidity reserve; liquidity reform; capital conservation buffer; liquidity strain; COVID-19; Corporate governance; Global
Cover IMF Staff Country Reports
Switzerland: Financial Sector Assessment Program; Technical Note-Supervision and Oversight of Financial Market Infrastructures
International Monetary Fund. Monetary and Capital Markets Department
Financial Sector Assessment Program; Technical Note-Supervision and Oversight of Financial Market Infrastructures
Keywords:
ISCR; CR; risk management; governance arrangement; emergency FMI liquidity facility; assessment letter; business process; FMI board; resolution planning; risk matter; SNB oversight unit; resolution framework; FMI supervision; FMI resolution; financial market; recovery plan; FMI risk management; PFM information systems; Principles for Financial Market Infrastructures; Financial market infrastructure; Central counterparty clearing house; Cyber risk
Cover IMF Staff Country Reports
Switzerland: Financial Sector Assessment Program; Technical Note-Selected Issues on Banking Supervision
International Monetary Fund. Monetary and Capital Markets Department
Financial Sector Assessment Program; Technical Note-Selected Issues on Banking Supervision
Keywords:
ISCR; CR; FINMA staff; internal audit; process FINMA review; risk specialist; FINMA supervisor; human-resources policy; heightened risk focus; FINMA circular; FINMA guidance; FINMA ordinance; FINMA reviews capital; FINMA rule; Auditing; External audit; Bank supervision; Financial Sector Assessment Program; Global
Cover Policy Papers
The 2017 Joint Review of the Standards and Codes Initiative
International Monetary Fund
The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s as part of efforts to strengthen the international financial architecture, with a focus on emerging markets. The initiative has aimed at promoting international standards and codes to improve economic and financial resilience by assisting countries in strengthening their economic institutions and informing World Bank and IMF work. The four previous reviews confirmed a fairly high appreciation of the overall initiative, while also raising questions about the initiative’s link to surveillance and capacity development efforts, weak uptake by market participants, as well as a need to improve traction with policy makers. This review reaffirms the country authorities’ appreciation for S&C work, and its focus and scope are guided by the February 2017 paper.
Keywords:
PP; policy area; policy; standards and code; data policy recommendation; area review; IMF work; country authorities; Anti-money laundering and combating the financing of terrorism (AML/CFT); Financial sector; Fiscal risks; Financial standards; Global
Cover IMF Staff Country Reports
United Kingdom: Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
The main objective of this technical note is to analyze the supervision and systemic risk management of financial market infrastructures (FMIs) in the United Kingdom. It focuses on the supervision of FMIs, including the regulatory framework, supervisory practices, available resources, transparency, adoption of international standards and coordination and cooperation mechanisms among authorities, both domestically and cross-border; identification and management of interdependencies among FMIs, clearing members and markets, as well as other mechanisms for monitoring of system-wide risks that may exacerbate a crisis and impact financial stability in the United Kingdom and worldwide; and recovery and resolution of FMIs as relatively new instruments to sustain critical operations and services.
Keywords:
ISCR; CR; payment system; BoE monitor; BoE's perspective; U.K. FMIs; BoE work stream; PFM information systems; Payment systems; Central counterparty clearing house; Real time gross settlement systems; Principles for Financial Market Infrastructures; Europe; Global
Cover Building a More Resilient Financial Sector
Building a More Resilient Financial Sector
Reforms in the Wake of the Global Crisis
Mr. Aditya Narain
,
Ms. Inci Ötker
, and
Ceyla Pazarbasioglu

Abstract

The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.

Keywords:
BOOK; bank; market; financial system; authority; capital; market discipline; group structure; bank capital; parent bank; subsidiary structure; Systemic risk; Systemically important financial institutions; Bank resolution framework; Contingent capital; Commercial banks; Global; Europe; North America; Eastern Europe
Cover IMF Working Papers
Bank Behavior in Response to Basel Iii: A Cross-Country Analysis
Mr. Thomas F. Cosimano
and
Ms. Dalia S Hakura
This paper investigates the impact of the new capital requirements introduced under the Basel III framework on bank lending rates and loan growth. Higher capital requirements, by raising banks’ marginal cost of funding, lead to higher lending rates. The data presented in the paper suggest that large banks would on average need to increase their equity-to-asset ratio by 1.3 percentage points under the Basel III framework. GMM estimations indicate that this would lead large banks to increase their lending rates by 16 basis points, causing loan growth to decline by 1.3 percent in the long run. The results also suggest that banks’ responses to the new regulations will vary considerably from one advanced economy to another (e.g. a relatively large impact on loan growth in Japan and Denmark and a relatively lower impact in the U.S.) depending on cross-country variations in banks’ net cost of raising equity and the elasticity of loan demand with respect to changes in loan rates.
Keywords:
WP; loan rate; loan demand; financial crisis; largest bank; Commercial banks; capital constraints; equity-to-asset ratio; expense ratio; bank capital; bank equity; Loans; Stocks; Demand elasticity; Basel III; Global
Cover IMF Working Papers
Banking Competition and Capital Ratios
Mr. Martin Cihak
and
Mr. Klaus Schaeck
We use data for more than 2,600 European banks to test whether increased competition causes banks to hold higher capital ratios. Employing panel data techniques, and distinguishing between the competitive conduct of small and large banks, we show that banks tend to hold higher capital ratios when operating in a more competitive environment. This result holds when controlling for the degree of concentration in banking systems, inter-industry competition, characteristics of the wider financial system, and the regulatory and institutional environment.
Keywords:
WP; capital adequacy ratio; market share; banking system; asset growth; bank performance; dependent variable; Bank capital ratios; competition; market structure; regulation; i. output; bank capital; bank-year observation; bank ownership structure; bank competition; bank risk; output of bank; banks' capital ratios; bank i.; banking industry; Capital adequacy requirements; Commercial banks; Bank soundness; Loan loss provisions; Europe
Cover IMF Staff Country Reports
Switzerland: Financial Sector Assessment Program: Factual Update: Basel Core Principles for Effective Banking Supervision
International Monetary Fund
This technical note presents a factual update of the 2001 assessment of Switzerland’s compliance with the 1997 Basel Core Principles for Effective Banking Supervision (BCP), including a follow-up on implementation of the 2001 BCP assessment, undertaken in the context of the original Financial Sector Assessment Program in 2001. The note discusses that the Swiss Federal Banking Commission (SFBC) has made impressive progress both organizationally and to its supervisory practices to strengthen Switzerland’s banking supervisory framework. The SFBC has also significantly improved its outreach to foreign supervisors and its collaboration with external auditors and the industry.
Keywords:
ISCR; CR; bank; auditor; authority; SFBC Banking ordinance; SFBC meeting frequency; risk profile; SFBC staff; licensing regime; SFBC circular; budgetary independence; Basel Core Principles; External audit; Basel II; Auditing; Financial Sector Assessment Program
Cover IMF Staff Country Reports
Switzerland: Financial Sector Assessment Program: Factual Update: Insurance Sector Market and Regulatory Developments
International Monetary Fund
This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory developments for Switzerland. Regulatory reforms since 2003 have updated Switzerland’s regulatory and supervisory regime for the insurance industry to bring it in line with international best practices. The Insurance Supervision Law (ISL) has reoriented the regulatory focus and expanded the regulatory scope to include group/conglomerate supervision, corporate governance, risk management, and market conduct of insurance intermediaries. The ISL also provides for a range of corrective and preventive regulatory measures.
Keywords:
ISCR; CR; insurer; FOPI-SO; insurance coverage; insurers-risk management; life insurer; intermediaries vis-à-vis; occupational pension insurance ear; insurers-corporate governance practice; a number of insurer; FOPI-s supervision philosophy; insurance cooperative; monopolisticcantonal insurer; supervision philosophy; licensing insurer; earthquake insurance; Insurance companies; Insurance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Solvency; Financial Sector Assessment Program; Global; market conduct of insurance intermediary; conglomerate supervision; financial market policy; solvency regime; insurance market; Insurance Core Principles; Insurance supervision