The Swiss financial regulator, Finma, has come under heavy criticism for its handling of the Credit Suisse crisis.
The parliamentary commission report highlighted several missteps by Finma, including its decision to grant Credit Suisse relief from capital requirements in 2017. This decision allowed the bank to present a misleadingly strong capital position, contributing to its eventual collapse.
The report also criticized Finma for its failure to take decisive action against Credit Suisse's deficiencies.
The collapse of Credit Suisse has raised concerns about accountability within financial institutions and the effectiveness of regulatory oversight.
The current leaders of Finma now face the challenge of restoring confidence in Switzerland's financial regulatory framework.
The fallout from the crisis has exposed vulnerabilities in the country's financial sector and highlighted the need for reform and enhanced oversight.