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HomeBreadcrumbCalendarsBreadcrumbEconomic Calendar

Swiss banks are required to hold more capital reserves against mortgage risks

October 2013 105 to 136 days from now
Switzerland

Published: 13 Feb 2013 | By Maria Micudova and 1 other | Last updated: 13 Feb 2013
   
Swiss banks are required to hold more capital reserves against mortgage risks -
Swiss francs
Flickr-thegrid.ch

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.

Source
Swiss banks required to hold more capital against home prope www.washingtonpost.com, 13/02/2013
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About this event
Created by Maria MicudovaCreated by Maria Micudova
on Wed 13 Feb 2013
Modified by Yafit LazarLast modified by Yafit Lazar
on Wed 13 Feb 2013
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Location: Switzerland
Expected date: October 2013
Planning: confirmed
105 days from today

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