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MEDIA-Swiss bank lobby head expects self-regulation deal on mortgage loans -FuW

Wed 10th July, 2019 7:39am
** Joerg Gasser, new head of the Swiss Bankers Association,
tells the Finanz und Wirtschaft paper an agreement is close on
how banks can self-regulate rules that tighten lending for
residential investments amid an overheated market  
    ** "I am convinced that we can achieve self-regulation
(rules) in such a way that the Swiss National Bank and finance
ministry say they agree," he is quoted as saying in an interview
published on Wednesday*:nL5N1VW28A
    ** He says final details were still being worked out
    ** The rules would make customers put up more equity to get
loans and have to pay them back over a shorter time period, he
says, but gives no more details
    ** Gasser says a financial services deal with the European
Union is not being discussed at the moment, but wants a quick
deal on a draft treaty with the EU.
    ** "If we want to maintain a broad-based Swiss financial
sector, we need (EU) market access as quickly as possible and
not just in 10 years," he says  

    -- Note: Reuters has not verified this story and does not
vouch for its accuracy
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 (Reporting by Zurich Newsroom)
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