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Swiss government moves in to damp down property market

Posted on 15 February 2013

The Swiss government would order banks to raise their capital holdings in a move aimed to cool property prices and dissuade borrowers from taking on too much debt“From September 30, 2013, banks will be obliged to hold additional capital for residential mortgages,” the Federal Council said in a statement.
The government was following the recommendations of the Swiss National Bank (SNB), which last week had requested that “partially activate the counter-cyclical buffer” in a bid to “strengthen the resistance of the banking sector and the overall economy against the risks posed by excessive credit growth.”……………………………………….Full Article: Source


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