The recently released report from the Parliamentary Commission of Inquiry into Credit Suisse has revealed that the bank's downfall was primarily caused by its own actions before it was acquired by UBS.

The investigation examined the actions of Credit Suisse and regulatory bodies, such as the Federal Council and FINMA, and highlighted their failure to prevent a crisis in a major institution that is crucial to Switzerland's financial sector.

Isabelle Chassot, the Chairwoman of the Commission, expressed satisfaction with the findings, which were based on the initial regulations put in place after the 2008 financial crisis.

The report includes several recommendations aimed at preventing a similar national disaster in the future, with a focus on improving oversight and accountability within the financial industry.