The Swiss parliament's commission of inquiry has released a 600-page report detailing the mismanagement that led to Credit Suisse's near-collapse and subsequent sale to UBS on March 19, 2023. The report criticizes the implementation of too-big-to-fail legislation and highlights institutional deficiencies in financial market supervision, offering 20 recommendations for improvement. This investigation underscores the ongoing concerns surrounding the banking sector's stability in Switzerland.
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