{
Agnès Wuthrich

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credit suisse inquiry reveals management failures and regulatory shortcomings

The Parliamentary Commission of Inquiry concluded that Credit Suisse's downfall in March 2023 stemmed from years of mismanagement by its Board and management, rather than federal authorities' actions. The report criticized delays in decision-making and a lack of coordination among officials, emphasizing the need for reforms in oversight and emergency planning for systemically important banks. Despite the challenges, the federal authorities managed to maintain Credit Suisse's solvency during the crisis, averting a global financial disaster.
rts.ch
United States Dollar Credit Suisse Real Estate Fund Siat USA CHE Karin Keller-Sutter Agnès Wuthrich Ueli Maurer Show more
Finance & Economy, News Article
15:37 20.12.2024
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