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Switzerland orders banks to hold buffer for real estate

Posted on 14 February 2013

The Swiss government ordered banks to hold additional capital as a buffer against risks posed by the country’s biggest property boom in two decades.
Banks will be forced to hold an extra 1 percent of risk- weighted assets linked to domestic residential mortgages, the government in Bern said in a statement today. Lenders would have to add about 3 billion francs ($3.26 billion) to comply with the new rules, which will be enforced from Sept. 30………………………………………..Full Article: Source


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