2013-02-13 —

``The Swiss Bankers' Association, a trade group, acknowledged the country is facing a potential bubble in its housing market, but said it was brought on by "structural reasons such as increased demand due to immigration."

It called the increased capital cushion an inappropriate tool to fix the problem because it could adversely affect the economy and the banks by raising credit costs, and called on the Federal Council to relax the new requirement at the earliest opportunity.''

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