BIS Review 21/1998  -2-  Moreover, the policy conditionality, associated principally with IMF lending, which dictates economic and financial discipline and structural change, helps to mitigate some of the inappropriate risk-taking. Such conditionality is also critical to the success of the overall stabilization effort.
Switzerland, for example, has activated a housing-sector CCyB to address imbalances related to residential mortgage and real estate markets. See Swiss National Bank (2013), "Countercyclical Capital Buffer: Proposal of the Swiss National Bank and Decision of the Federal Council,” (PDF)press release, February 13. 6/6  BIS central bankers' speeches