The recent release of a detailed report by the Parliamentary Investigation Committee (PUK) sheds light on the events that led to the downfall of Credit Suisse.

The report reveals that authorities were well aware of the bank's precarious situation, with emergency plans in place since late 2022 to address potential crises.

However, the report suggests that regulators allowed the situation to deteriorate for too long, ultimately concluding that Credit Suisse was beyond saving.

These findings highlight the urgent need for regulatory reforms to ensure the stability of Switzerland's financial system in the face of future crises.

As discussions on appropriate regulations continue, the focus remains on protecting the economy and restoring public confidence in the banking sector.