Tue, 28 Aug 2012 07:33:10 GMT
SNB may activate capital buffer in 2013
Thomas Jordan, President of the Swiss National Bank, said that countercyclical capital buffer might be activated to stem development in real-estate and mortgage markets in 2013. According to the June Financial Stability Report, the mortgage market poses a risk to creditors. Home loans have risen by as much as 300 billion Francs ($313 billion) in 10 years and increased 5.2%