{
}
Credit Suisse faced severe criticism following an expert report detailing governance failures in the launch of its Greensill supply chain funds. The report highlighted inadequate risk management, conflicts of interest, and a lack of oversight from the Board of Directors, leading to significant breaches of conduct obligations. FINMA has mandated a restructuring of the Board to ensure members possess relevant expertise and experience.
The PUK report reveals a troubling relationship between Swiss democracy and major banks, highlighting Ueli Maurer's misleading statements about Credit Suisse's stability before its collapse. The report criticizes the lack of accountability for bank executives and calls for reforms to curb political lobbying and enhance regulatory oversight to prevent future crises.
Ruedi Noser
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
credit suisse faces scrutiny over governance failures in greensill fund scandal
United States Dollar
Credit Suisse High Yield Bond Fund, Inc.
CHE
Bruno Pfister
Beat Schmid
Kubra Khan
Matthias Hirschle
Ruedi Noser
Show more
10:19 30.12.2024
swiss democracy under scrutiny as big banks influence government actions
Swiss Franc
Credit Suisse Real Estate Fund Siat
USA
CHE
Cédric Wermuth
Isabelle Chassot
Ruedi Noser
Franziska Ryser
Karin Keller-Sutter
Thomas Jordan
Ueli Maurer
Show more
16:14 20.12.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Economic Indicators
Global Trade Developments
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People: