Swiss banks are gearing up for the implementation of "Basel III Final" by January 1, 2025, which will significantly alter credit pricing and capital requirements. The output floor will increase capital needs for top-rated residential mortgages, potentially raising costs by 20 basis points for prime loans. This regulatory shift necessitates strategic adjustments in pricing and risk management for banks to remain competitive in the evolving credit market.
The Swiss Bankers Association (SBA) has expressed concerns over the Federal Council"s proposed measures for systemically important banks, particularly regarding increased capital requirements and expanded powers for FINMA. While acknowledging the need for some regulatory tightening post-Credit Suisse crisis, the SBA warns that excessive measures could undermine the competitiveness of the Swiss financial sector. The association supports a robust liquidity provision framework and a state liquidity guarantee, emphasizing the importance of targeted adjustments in corporate governance.
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