The collapse of Credit Suisse in March 2023 prompted a parliamentary commission of inquiry (PUK) to investigate the circumstances surrounding the bank's downfall.
The PUK's findings have identified the main culprits behind the crisis, with a particular focus on the management level of Credit Suisse.
The report also criticizes the Swiss Financial Market Supervisory Authority (Finma) for its hesitant and ineffective intervention during the crisis.
The inquiry raises questions about the effectiveness of regulatory oversight in the Swiss banking sector and advocates for stronger regulatory powers for Finma.
The proposals put forth by the investigative commission will be discussed in the upcoming spring session of the Swiss Parliament, shaping the future of regulatory practices in the financial sector.
The inquiry's findings serve as a wake-up call for the financial sector, emphasizing the need for robust governance and accountability mechanisms.
The recommendations could lead to a re-evaluation of existing regulatory frameworks and potentially influence how financial institutions operate in Switzerland and beyond.