The Basel III countercyclical capital buffer (CCyB) in Switzerland remains at 0%1.
The Swiss sectoral CCyB targeted at mortgage loans financing residential property located in Switzerland remains at 2% as decided and communicated by the Federal Council in January 2014. Mandatory reciprocity as foreseen in Basel III does not apply to the Swiss sectoral CCyB requirements.
The situation on the Swiss credit and real estate markets will be reassessed periodically. Any adjustments to either the sectoral CCyB or the Basel III CCyB will be communicated to the public.
Full details are available here.