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At a meeting yesterday, the Board of Directors of the Swiss Bankers Association (SBA) resolved to amend two guidelines with effect on the mortgage market. The key measures are: the shortening of the amortisation period from 20 to 15 years, changes to the applicability of second incomes in the context of the assessment of financial sustainability, and the introduction of the “lower of cost or market” principle for the evaluation of mortgages. With these measures, the SBA is making a significant contribution to the cooling down of the real estate and mortgage markets. In a next step, the SBA will submit the revision of the self-regulation to FINMA for approval as the minimum standard.