Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

Swiss Regulator Added Smaller Banks to Stress Tests This Year

Switzerland’s banking regulator said it “regularly” puts UBS AG and Credit Suisse Group AG, the country’s biggest banks, through stress tests and has started doing similar exercises for smaller lenders as well.

“This year we started stress-testing further significant Swiss banks,” Tobias Lux, a spokesman for the Swiss Financial Market Supervisory Authority, or Finma, said by telephone today.

The European Union will tomorrow publish the results of its stress tests on banks, which include a review of how lenders would handle an economic contraction, a drop in equity markets and possible trading losses on sovereign debt. Finma doesn’t plan to publish anything tomorrow as its tests aren’t coordinated with the EU, Lux said.

UBS and Credit Suisse are sometimes tested more than once a year, depending on market conditions, he said. Stress tests for the smaller banks are more “targeted” toward the lenders’ main lines of business. Finma would, for example, put a bank’s mortgage portfolio through a stress scenario, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.