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credit suisse crisis reveals regulatory failures and management missteps in oversight
The Parliamentary Investigation Committee (PIC) revealed that years of mismanagement at Credit Suisse (CS) led to a liquidity crisis, exacerbated by regulatory failures from FINMA. Despite extensive oversight, the authorities were exonerated, raising concerns about the effectiveness of existing "too big to fail" regulations and the need for improved coordination and crisis detection among Swiss financial authorities. The report highlights the inadequacies in supervision and the perception that larger institutions are treated more leniently than smaller ones.
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