SNB refuses to give ‘all clear’ on housing market despite capital buffer rise
Jordan remains concerned by ‘momentum’ in real estate prices
The decision to double the size of Switzerland's counter-cyclical capital buffer (CCB) has done little to reduce the imbalances in the country's housing market, according to Swiss National Bank (SNB) chairman Thomas Jordan, as real estate prices continue to rise.
Switzerland's Federal Council first activated the capital buffer in February 2013 in the face of rapid growth in mortgage lending and rising house prices. This decision forced banks to hold extra capital equal to 1% of the risk-weighted
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