August 28, 2019

Newsletter . Press releases and News



SBA amends self-regulation in the residential investment property segment - FINMA recognises revised self- regulation

28/08/19


The Swiss Bankers Association (SBA) has amended the self-regulation in the mortgage financing for residential investment properties segment. The sector is thereby making a swift and expedient contribution to further ensuring market stability in the residential investment property segment, and thus an important contribution to the continued stability of the financial centre. FINMA recog-nised the revised self-regulation as a minimum regulatory standard in a letter dated 26 August 2019. Following an intensive dialogue between the sector and the authorities, a convincing joint solution was found. The amended self-regulation will enter into force on 1 January 2020. The SBA assumes that the Federal Council, as previously announced, will give precedence to the self-regulation and will forego a tightening of the Swiss Capital Adequacy Ordinance in the area of residential investment properties.