This report presents the findings of the Basel Committee’s RCAP Assessment Team for Switzerland, covering the capital standards under the Basel framework. The team was led by Mr Stephen Bland of the Bank of England (Prudential Regulation Authority) and consisted of five experts conversant with different areas of the Basel capital standard. The assessment work was coordinated by the BCBS Secretariat.
The Swiss RCAP assessment comprised three phases: (i) self-assessment (December 2012 to January 2013), (ii) an on- and off-site assessment phase (February to April 2013), and (iii) a post assessment review phase (April to May 2013). The assessment phase included a visit to Switzerland from 8 to 12 April 2013. During the on-site visit, the RCAP Assessment Team held discussions with officials of the Swiss Financial Market Supervisory Authority (FINMA), a former senior FINMA official, senior officials from a representative set of Swiss banks including the two Global Systemically Important Banks (G-SIBs), and major audit firms.2 These discussions provided the RCAP Assessment Team with the industry perspective on implementation of the Swiss Basel III capital standards.
The full report is here.