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Criminal investigators and the parliamentary commission (PUK) overlooked critical capital weaknesses at Credit Suisse (CS), notably a regulatory "filter" that concealed CHF 11.9 billion in capital shortfalls. Despite warnings from authorities and expert reports, key figures like CFO David Mathers evaded accountability, leading to CS's collapse. The Swiss Attorney General's office found insufficient grounds for criminal proceedings, while Mathers enjoys early retirement after years of misleading practices.
In the wake of the Credit Suisse crisis, seven female law professors from Swiss universities are advocating for stricter too-big-to-fail regulations to enhance financial stability. Their proposals include a senior managers regime, expanded deposit protection, and a resolution fund, aiming to mitigate risks posed by large banks to the Swiss economy. The discussion highlights the need for clearer rules and stronger authorities in banking regulation, as Parliament prepares to address these issues.
Corinne Zellweger-Gutknecht
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credit suisse scandal reveals regulatory failures and hidden capital weaknesses
Swiss Franc
United States Dollar
Credit Suisse Lux Digital Healt
CHE
Urs Birchler
René Benko
Thomas Gottstein
Thomas Matter
Corinne Zellweger-Gutknecht
David Mathers
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07:29 02.02.2025
experts call for stronger regulations after credit suisse crisis
Credit Suisse High Yield Bond Fund, Inc.
Bank of England
International Monetary Fund FUND
Swiss National Bank
CHE
Mirjam Eggenschwiler
Isabelle Chabloz
Corinne Zellweger-Gutknecht
Aline Darbellay
Yan Liu
Neil Esho
Sarah Breeden
Karl-Heinz Zimmermann
Eva H. G. Hupkes
Nina Reiser
Franca Contratto
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14:50 15.01.2025
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