The need for reform is evident as stakeholders work to rebuild public trust in the financial system and learn from the CS debacle.
The investigation by the PUK has shed light on the complex relationships between Swiss banks, regulatory bodies, and political figures, revealing a system that has sometimes prioritized the interests of the financial elite over the broader public good.
Moving forward, the challenge will be to implement meaningful reforms that increase transparency, accountability, and democratic control over the banking sector to prevent the repetition of past failures.