{"id":2853,"date":"2010-07-04T22:51:19","date_gmt":"2010-07-04T21:51:19","guid":{"rendered":"https:\/\/hub.hslu.ch\/ifz\/?p=2853"},"modified":"2020-05-20T14:13:16","modified_gmt":"2020-05-20T12:13:16","slug":"bubble-oder-panik","status":"publish","type":"post","link":"https:\/\/hub.hslu.ch\/ifz\/2010\/07\/04\/bubble-oder-panik\/","title":{"rendered":"Bubble oder Panik?"},"content":{"rendered":"<p><a href=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/05\/1011415.jpg\"><\/a><a href=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/05\/10114151.jpg\"><\/a>erschienen in Audit Committee,\u00a0Ausgabe 30\/Juni 2010<\/p>\n<p>Von <a href=\"http:\/\/www.hslu.ch\/hochschule-luzern\/h-ueber-uns\/h-person.htm?id_person=1011415&amp;id_teilschule=25650&amp;row=0\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Maurice Pedergnana<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/05\/10114152.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"1011415\" src=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/05\/10114152-150x150.jpg\" alt=\"1011415\" width=\"63\" height=\"63\" \/><\/a><\/p>\n<p>Der Hypothekarkreditmarkt f\u00fcr private Haushalte wird von der <a href=\"www.snb.ch\" target=\"_blank\" rel=\"noopener noreferrer\">SNB<\/a> und der<strong> <\/strong><a href=\"www.finma.ch\" target=\"_blank\" rel=\"noopener noreferrer\">FINMA<\/a>\u00a0n\u00e4her unter die Lupe genommen. Die Rede ist von einem grossen Gefahrenpotenzial. Das Zinsniveau beim Schweizer Franken ist auf tiefem Niveau, und so sind auch diverse Hypothekarkreditprodukte g\u00fcnstig wie selten zuvor. Doch derzeit ist l\u00e4ngst nicht gesichert, wie rasch dieses Niveau bei einem anhaltend deflation\u00e4ren Umfeld in ganz Europa verlassen werden kann. Die Schweizerische Nationalbank (SNB) segelt derzeit zwischen Skylla und Charybdis auf einem ungem\u00fctlichen Balanceakt, und ihre Tiefzinspolitik ist gewiss eine Hauptursache f\u00fcr den anhaltend starken Immobilienbau \u2013 insbesondere f\u00fcr selbstbewohntes Wohneigentum. Gleichzeitig hat die SNB im makroprudenziellen Aufsichtsbereich die derzeit interessante Aufgabe zu pr\u00fcfen, ob sie mit ihrer eigenen Politik den Immobilienmarkt nicht selbst anheizt resp. \u00fcberhitzen l\u00e4sst. Ist demnach die SNB-Politik das Problem?<\/p>\n<p><strong>Interesse geweckt?<\/strong>\u00a0 Den Artikel finden Sie <a href=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/07\/2010-06-23-ACN_Nr-30_Artikel_Pedergnana_D1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">hier.<\/a><\/p>\n<p>Und wenn Sie noch mehr Interesse haben, wenden Sie sich bitte dem j\u00fcngsten <a href=\"http:\/\/www.snb.ch\/de\/iabout\/pub\/oecpub\/id\/pub_oecpub_stabrep\" target=\"_blank\" rel=\"noopener noreferrer\">Finanzstabilit\u00e4tsbericht der SNB<\/a><em><strong>\u00a0<\/strong><\/em>zu, der vorderhand allerdings nur in englischer Sprache vorliegt:<\/p>\n<p><a href=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/07\/PEM-SNB_raiffeisen.PNG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2856\" title=\"PEM-SNB_raiffeisen\" src=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/07\/PEM-SNB_raiffeisen.PNG\" alt=\"PEM-SNB_raiffeisen\" width=\"529\" height=\"309\" srcset=\"https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/07\/PEM-SNB_raiffeisen.PNG 755w, https:\/\/hub.hslu.ch\/ifz\/wp-content\/blogs.dir\/165\/files\/sites\/6\/2010\/07\/PEM-SNB_raiffeisen-300x175.PNG 300w\" sizes=\"auto, (max-width: 529px) 100vw, 529px\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Dort sieht man auf Seite 23, dass auf konsolidierter Ebene keine Bankengruppe so hohe zus\u00e4tzliche Zinsrisiken im Jahr 2009 eingegangen ist wie die Raiffeisenbanken. Dementsprechend ist damit zu rechnen, dass die Raiffeisengruppe auch mit h\u00f6heren Eigenmittelerfordernissen zu rechnen hat.<\/p>\n<p>Sind Sie an weiteren Informationen zu Bank Management und Financial Services interessiert? Dann wenden Sie sich an <a href=\"http:\/\/www.hslu.ch\/hochschule-luzern\/h-ueber-uns\/h-person.htm?id_person=1011415&amp;id_teilschule=25650&amp;row=0\" target=\"_blank\" rel=\"noopener noreferrer\">Prof. Dr. Maurice Pedergnana<\/a> vom <a href=\"http:\/\/www.hslu.ch\/ifz\" target=\"_blank\" rel=\"noopener noreferrer\">IFZ<\/a> oder besuchen Sie uns an der <a href=\"http:\/\/www.hslu.ch\/wirtschaft\/w-outside-navigation\/ifz\/w-ifz-ueber-uns\/w-ifz-lageplan.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Grafenau 10<\/a> in Zug, und lernen Sie das IFZ gleich selber kennen. Erfahren Sie dabei alles Wissenswerte \u00fcber unsere attraktive Palette an <a href=\"http:\/\/www.hslu.ch\/wirtschaft\/w-outside-navigation\/ifz\/w-ifz-weiterbildung.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Weiterbildungsangeboten<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>erschienen in Audit Committee,\u00a0Ausgabe 30\/Juni 2010 Von Maurice Pedergnana Der Hypothekarkreditmarkt f\u00fcr private Haushalte wird von der SNB und der FINMA\u00a0n\u00e4her unter die Lupe genommen. Die Rede ist von einem grossen Gefahrenpotenzial. Das Zinsniveau beim Schweizer Franken ist auf tiefem Niveau, und so sind auch diverse Hypothekarkreditprodukte g\u00fcnstig wie selten zuvor. Doch derzeit ist l\u00e4ngst<\/p>\n","protected":false},"author":257,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[406,854975],"tags":[],"class_list":["post-2853","post","type-post","status-publish","format-standard","hentry","category-allgemeines","category-ifz-in-den-medien"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bubble oder Panik? 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