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SNB’s Danthine: Switzerland facing rising risk of default, correction
Rising rates, lower growth could raise default risk; SNB will monitor situation for need of buffer; Buffer would only target mortgage, property markets; Rising rates, lower growth could raise default risk; SNB will monitor situation for need of buffer; Buffer would only target mortgage, property markets; Countercyclical capital buffer ‘important step’; Gradual buildup of imbalances on property market; Some signs of slowing momentum on mortgage market; Sees buildup of stability risk; Buffer would be used in ‘balanced, flexible way’; No room for complacency over recovery; SWISS, WORLD MUST ACT TO AVOID NEW ... (full story)