Swiss banks are required to hold one extra percent of capital reserves in order to prevent the country's housing market running out of control.
The Swiss government announced the move on February 13, when it said it was "taking action against an excessive rise in prices in the real estate market and exorbitant mortgage debt" that threatens Swiss banks and the economy.
Even though the Swiss Financial Market Supervisory Authority agreed the real estate market "is showing signs of overheating in certain segments and regions," it said it did not believe the capital buffers were needed.
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