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Bank Industry Risk Analysis: Steady Improvements Sharpen Up Swiss Banks, Despite Limited Support From Economic Environment May 07
Standard & Poors, May 2007
Abstract
Very high levels of prosperity Stable, diversified, and open economy with low inflation and low unemployment Conservative supervision and legislation, as well as longstanding political and regulatory stability High level of banking intermediation Strong position in the international wealth-management business Good profitability, sound asset quality, and very strong overall capitalization Below-par growth prospects of the Swiss economy Consensual political approach that slows down economic reforms Limited geographic diversification, except for major banks Credit Suisse Group and UBS AG Continued margin pressures from intense competition in domestic market The Swiss banking system is viewed as one of the healthiest in the world by Standard & Poor's Ratings Services. Operating within a solid and very stable economic, political, and regulatory environment, which...
Companies mentioned in this report are: Swiss Confederation (Unsolicited Ratings),Credit Suisse AG,Credit Suisse Group AG,Zuercher Kantonalbank,UBS AG,Aargauische Kantonalbank,Banque Cantonale Vaudoise,Schwyzer Kantonalbank,Migros Bank,Basler Kantonalbank,Basellandschaftliche Kantonalbank,Graubuendner Kantonalbank,Luzerner Kantonalbank,Banque Cantonale de Geneve
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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