Pursuits
Swiss Property in UBS Risk Zone May Provoke Bank Rules
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Switzerland’s housing market moved further into the “risk zone” at the end of 2012, increasing pressure on authorities to tighten capital rules for the country’s banks to curb a property boom.
The UBS Swiss Real Estate Bubble Index rose to 1.11 points in the three months through December from 1.02 points in the previous quarter, when it had a risk reading of above 1 for the first time since 1991, according to a statement from UBS AG today. A reading above 2 would indicate a bubble.