Swiss Bankers Reject Capital Adequacy Proposals for Mortgages

The Swiss Bankers Association said it rejects government proposals for new capital-adeqacy rules for the mortgage lending business.

The SBA commented today in an e-mailed statement, responding to a government consultation procedure. The new rules are related to the Basel III capital-adequacy rules and the too- big-to-fail issue, it said.

To contact the editor responsible for this story: Paul Verschuur at pverschuur@bloomberg.net