Swiss National Bank tightens controls on mortgage lending
Switzerland's Federal Council has agreed to double the size of the country's counter-cyclical capital buffer, after the Swiss National Bank (SNB) raised concerns over growing imbalances in the housing market.
The Swiss authorities 'activated' the buffer, which forces banks to hold extra capital against the risk-weighted assets in their mortgage portfolios, in February 2013. It was initially set at 1%.
Despite the higher capital requirements "the imbalances on the Swiss residential mortgage and
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