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Natalia Ferrara, vice president of the Swiss Bank Employees Association, has called for the criminal prosecution of Credit Suisse's top management following a report on the bank's bankruptcy. She criticized the Federal Financial Market Supervisory Authority (Finma) for failing to fulfill its supervisory role, suggesting that its concessions since 2017 obscured the bank's instability. Ferrara also demanded the resignation of Finma's president, emphasizing the need for accountability in light of the mismanagement.
The Parliamentary Commission of Inquiry's report on the Credit Suisse crisis has sparked varied reactions, with calls for the resignation of FINMA chairwoman Marlene Amstad and criticism of the bank's management for strategic failures. The Swiss National Bank plans to strengthen regulations, while UBS expresses cautious support for government proposals to enhance financial stability.
rsi
The Bank Staff Association is demanding the resignation of Finma President Marlene Amstad ahead of the PUK report on Credit Suisse's collapse, criticizing supervisory authorities for failing to intervene earlier. They call for new accountability measures for top bank management and urge UBS to uphold Swiss values post-takeover. The anticipated PUK report is expected to scrutinize Finma's role in the bank's downfall.
Nau
The Swiss Bank Employees Association (ASIB) is demanding the resignation of FINMA chairwoman Marlene Amstad ahead of the Parliamentary Commission of Inquiry's report on the Credit Suisse bankruptcy. They criticize the government's inaction and call for accountability from top management, emphasizing the need for stronger supervisory tools and personal responsibility in the banking sector. The ICC report on Credit Suisse's collapse and its acquisition by UBS is set to be released tomorrow.
The Swiss Bank Employees Association is demanding accountability from FINMA and the Federal Council ahead of the PUK's report on Credit Suisse's downfall. They criticize the supervisory authorities for allowing risky practices and call for the resignation of FINMA Chairwoman Marlene Amstad, emphasizing the need for personal liability among top bank management. The association also urges for enhanced regulatory measures and a commitment from UBS to uphold responsible HR policies amidst job cuts.
The Swiss Bank Employees Association is demanding accountability from FINMA and the Federal Council ahead of the PUK's report on Credit Suisse's collapse. They criticize the supervisory authorities for allowing risky practices and call for the resignation of FINMA Chairwoman Marlene Amstad, emphasizing the need for personal liability among top bank executives. Additionally, they urge UBS to uphold responsible HR policies and collaborate on tightening regulations to protect the banking sector.
The Swiss Bank Employees Association is demanding the resignation of FINMA President Marlene Amstad following the PUK report on Credit Suisse's collapse. They criticize the supervisory authorities for allowing the bank to operate with insufficient equity and call for clearer responsibilities and personal liability for top management. The association emphasizes the need for stronger regulatory instruments and accountability to prevent a repeat of such failures.
The Bank Employees Association is demanding the resignation of Finma President Amstad and a thorough review of the Federal Council's role in the Credit Suisse collapse, which they argue was foreseeable due to inadequate supervision. They criticize the failure of supervisory authorities to enforce regulations and call for stronger accountability for top management, emphasizing the need for effective oversight comparable to that in the Anglo-Saxon world. The Parliamentary Commission of Inquiry (PUK) is set to release its report on the matter soon.
The Bank Employees Association is demanding the resignation of Finma President Marlène Amstad, stating it is overdue following the Credit Suisse debacle. As the PUK report on the crisis is set to be released, the association emphasizes the need for accountability among top banking officials and calls for stronger supervisory measures to prevent future failures.
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