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Financials

Swiss banks may tighten mortgage lending guidelines

ZURICH, March 20 (Reuters) - The Swiss Banking Association may tighten self-regulation rules on lending for investment in residential properties amid officials’ concerns about overheating in the market, the bank lobby said on Wednesday.

Shortening amortisation periods and reducing loan-to-value ratios might be appropriate steps should consultations with authorities show a need to act, the group said, adding a task force would report its findings in the second quarter.

Reporting by Michael Shields; editing by Thomas Seythal

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