SNB vice-chair tells people to ‘fasten seatbelts’ following CCB activation


The activation of Switzerland's counter-cyclical capital buffer (CCB) was necessary, but achieving a soft landing as credit growth slows will be a challenge, Jean-Pierre Danthine, the vice-chairman of the Swiss National Bank's (SNB) governing board, warned yesterday.

At a speech in Geneva, Danthine said the decision to activate the CCB had been taken due to the rapid build-up of twin risks – rising house prices and credit growth. The ratio of credit-to-GDP in Switzerland has reached around 170%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: