In this report, the Swiss National Bank (SNB) presents its evaluation of the stability of the Swiss banking sector. The SNB is required to contribute to the stability of the financial system in accordance with the National Bank Act (art. 5 para. 2 (e) NBA). A stable financial system is defined as a system in which the various components fulfil their functions and are able to withstand severe shocks. This report focuses on Switzerland’s banks, as experience from financial crises shows that financial stability depends primarily on the stability of the banking sector. The SNB monitors developments in the banking sector ... (full story)