The recent report on the Credit Suisse crisis has sparked reactions from various stakeholders in Switzerland, including UBS and the Swiss National Bank.
Calls for accountability have led to demands for the resignation of the chairwoman of FINMA, while political parties have criticized the Finance Minister for his response.
The Greens have proposed a new law, reflecting a growing consensus on the need for regulatory reform.
The SNB is analyzing the report and discussing enhanced regulations. The effectiveness of FINMA as a regulatory body has been questioned, with calls for leadership changes. FINMA acknowledges the need to learn from the Credit Suisse case but argues for stronger regulatory tools.
UBS supports regulatory changes but emphasizes the importance of proportionality and international standards. The bank is adopting a more measured approach in response to the inquiry's findings.
The implications of the Credit Suisse crisis will likely impact the Swiss financial system in the future.