The Parliamentary Investigation Committee (PUK) has released a detailed 569-page report on the downfall of Credit Suisse, revealing that authorities were more aware of the bank's dire situation than previously thought. Emergency plans had been in place since late 2022, indicating that while preparations were made, oversight had been lacking for too long. As the debate over regulation intensifies, it is crucial for bankers to reassess their positions and for Parliament to ensure stability in future financial crises.
