Swiss stability maintained through tighter regulation: SNB board member
The relationship between monetary policy and the real-estate market has been brought to the fore by the financial crisis, said Thomas Jordan, a member of the Swiss National Bank's (SNB) governing board.
He noted in particular that problems in the US and UK mortgage and real estate markets were responsible for sparking the credit crunch and that this has had an impact on Switzerland's financial stability. It also paved the way for the creation of the Stabilisation Fund, a body created for
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