{
Anti-Money Laundering (AML) Regulations

SubCategory

}
credit suisse crisis reveals regulatory failures and management missteps in oversight
The Parliamentary Investigation Committee (PIC) revealed that years of mismanagement at Credit Suisse (CS) led to a liquidity crisis, exacerbated by regulatory failures from FINMA. Despite extensive oversight, the authorities were exonerated, raising concerns about the effectiveness of existing "too big to fail" regulations and the need for improved coordination and crisis detection among Swiss financial authorities. The report highlights the inadequacies in supervision and the perception that larger institutions are treated more leniently than smaller ones.
Die Weltwoche
Swiss Franc United States Dollar Credit Suisse Real Estate Fund Siat Donaldson Company, Inc. USA CHE
Regulatory & Legal, Market Report
10:30 20.12.2024
Swiss regulator criticized for mishandling Credit Suisse collapse inquiry findings
The Swiss parliament criticized the leadership of the financial regulator Finma for its role in the collapse of Credit Suisse, highlighting a 2017 decision that obscured the bank's true financial state. This regulatory filter allowed Credit Suisse to appear adequately capitalized until its demise in early 2023, despite ongoing scandals and client withdrawals. The inquiry report also noted that Finma failed to enforce accountability among Credit Suisse staff, despite identifying numerous deficiencies.
Yahoo Finance
United States Dollar Credit Suisse Real Estate Fund Siat UBS Group AG CHE Marlene Amstad Mark Branson Urban Angehrn Stefan Walter Show more
Regulatory & Legal, News Article
10:30 20.12.2024
Swiss lawmakers call for financial oversight after Credit Suisse collapse
Swiss lawmakers are pushing for enhanced financial oversight following the investigation into Credit Suisse's collapse, which has raised serious concerns about the management and regulatory practices of the bank. A detailed report criticizes financial regulators for their lack of transparency and ineffective crisis management, highlighting the need for reforms in Switzerland's financial regulatory framework to prevent future failures.
Devdiscourse
Credit Suisse Real Estate Fund Siat CHE
Regulatory & Legal, News Article
10:30 20.12.2024
Swiss authorities face scrutiny over Credit Suisse downfall and regulatory shortcomings
The Parliamentary Commission of Inquiry (PUK) criticized Swiss authorities for their handling of Credit Suisse's downfall, emphasizing that the bank's management, not the regulators, was primarily responsible. Despite significant losses and warnings from the Swiss Financial Market Supervisory Authority (Finma), CS's leadership failed to act decisively, leading to a crisis that nearly triggered a global financial disaster. The PUK calls for stronger regulatory measures and better crisis detection systems to prevent future failures.
Blick
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Isabelle Chassot Karin Keller-Sutter Ueli Maurer Show more
Regulatory & Legal, News Article
10:30 20.12.2024
credit suisse crisis report reveals mistrust and communication failures in government
A parliamentary commission report reveals that the management of Credit Suisse is primarily responsible for its downfall, with regulatory body FINMA criticized for its leniency. Finance Minister Ueli Maurer's lack of trust in his colleagues hindered effective crisis management, exacerbated by fears of information leaks, particularly following the coronavirus leaks scandal. The findings highlight the inadequacy of existing regulations to handle significant banking crises.
Die Weltwoche
United States Dollar Credit Suisse Real Estate Fund Siat CHE Alain Berset Marc Walder Karin Keller-Sutter Ueli Maurer Show more
Regulatory & Legal, News Article
10:30 20.12.2024
credit suisse crisis reveals regulatory shortcomings and need for reform
The Parliamentary Commission of Inquiry (ICC) has concluded that mismanagement by Credit Suisse (CS) and ineffective oversight by FINMA led to the bank's crisis in March 2023, which nearly triggered a global financial collapse. The ICC recommends significant improvements in "too big to fail" (TBTF) regulations, better coordination among financial authorities, and enhanced risk management to prevent future crises. The report, based on extensive investigations, emphasizes the need for legislative reforms and clearer communication among authorities to address systemic risks effectively.
Corriere del Ticino
United States Dollar Credit Suisse Real Estate Fund Siat CHE Isabelle Chassot
Regulatory & Legal, Market Report
10:30 20.12.2024
Hawk Tuah Girl faces lawsuit after memecoin crashes 95 percent
Hailey Welch, known as the "Hawk Tuah Girl," faces a lawsuit after her Hawk Tuah memecoin crashed 95%, leading to significant investor losses. The lawsuit alleges fraudulent practices, including a "rug pull," and claims that Welch's promotion misled many new investors. Accusations of insider trading have also emerged, with concerns over the project's management and tokenomics.
NewsBTC
Coffeezilla Hailey Welch Elton John Show more
Regulatory & Legal, News Article
09:30 20.12.2024
finma chief marlene amstad faces scrutiny after credit suisse collapse
Today at 10:30 a.m., the Parliamentary Commission of Inquiry will unveil a significant report on the rapid collapse of Credit Suisse, raising questions about the failures in oversight by Finma, led by Marlene Amstad since 2021. Critics argue that Amstad had the authority to intervene but chose not to, leading to calls for her resignation. The report will scrutinize why Finma, which has previously acted decisively against smaller banks, failed to take action against Credit Suisse.
insideparadeplatz.ch
Credit Suisse Real Estate Fund Siat CHE David Mathers Marlene Amstad Urs Rohner Show more
Regulatory & Legal, News Article
07:58 20.12.2024
finma president faces scrutiny amid credit suisse collapse investigation
Today at 10:30 a.m., the Parliamentary Commission of Inquiry will unveil a significant report on the rapid collapse of Credit Suisse, spotlighting Marlene Amstad, head of the banking supervisory authority Finma since 2021. Critics argue she failed to act decisively against the bank's leadership, despite having the authority to intervene. While Amstad blames her predecessors for allowing capital exemptions, the report will examine why Finma, as a powerful regulator, did not enforce necessary changes to prevent the debacle.
insideparadeplatz.ch
Credit Suisse Real Estate Fund Siat CHE David Mathers Urs Rohner Marlene Amstad Show more
Regulatory & Legal, News Article
07:58 20.12.2024
parliamentary inquiry report on credit suisse and ubs merger released today
The Parliamentary Commission of Inquiry will release its findings today regarding the emergency merger of Credit Suisse with UBS, following extensive hearings since July 2023. The investigation has included testimonies from federal advisers and central authority heads, amid allegations of secret meetings involving key financial leaders prior to the merger. In light of the report's publication, the Swiss Bank Employees Association has called for the resignation of the FINMA chairwoman.
TicinoNews
United States Dollar Credit Suisse Real Estate Fund Siat Swiss National Bank CHE Axel Lehmann Thomas Jordan Ueli Maurer Show more
Regulatory & Legal, News Article
07:26 20.12.2024
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