Cover IMF Staff Country Reports
Switzerland: Selected Issues and Statistical Appendix
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 043
Language:
English
Publication Date:
03 Apr 2000
DOI:
https://doi.org/10.5089/9781451957297.002
ISBN:
9781451957297
ISSN:
1934-7685
Pages:
86
Keywords:
ISCR; CR; asset; bank; cantonal bank; share; portfolio share; portfolio equity assets; foreign assets; asset characteristic; Foreign assets; Current account; Foreign banks; Current account surpluses; Investment banking; Global; Europe
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The Swiss banking system is characterized by a two-tier structure. The first tier is composed of the two large banks and some smaller banks focused on private banking, all of which have a significant international presence. These banks represent, so to speak, the “international face” of the Swiss banks. They are mostly joint-stock companies or privately owned (unlimited personal liability). The second tier is composed of a varied group of banks, mostly focused on domestic, or even regional, business.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund