{
Swiss Financial Market Supervisory Authority

SubCategory

}
lessons from credit suisse crisis emphasize management supervision and liquidity stability
The Swiss Bankers Association (SBA) supports the Parliamentary Commission of Inquiry's investigation into the Credit Suisse crisis, emphasizing that financial stability hinges on responsible management, effective supervision, and reliable liquidity. The crisis stemmed from mismanagement, and the SBA advocates for targeted reforms, enhanced cooperation among authorities, and a robust liquidity framework to ensure a stable financial future for Switzerland. The SBA plans to analyze the CEP report further and engage in ongoing discussions regarding bank stability.
L'Association suisse des banquiers
Swiss Franc Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Press Release
13:11 20.12.2024
strategies for switzerland to prevent the collapse of credit suisse
Switzerland's handling of Credit Suisse's crisis has drawn criticism, suggesting that a more proactive approach could have mitigated the bank's downfall. Key recommendations include enhancing regulatory oversight and fostering a more resilient banking environment to prevent future failures. The need for strategic reforms is evident to safeguard the financial system.
wsj.com
Swiss Franc Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
13:08 20.12.2024
credit suisse crisis highlights need for stronger financial oversight and accountability
The PUK report reveals that high-ranking managers at Credit Suisse disregarded the damage their actions caused, aided by weak institutional oversight. This failure, highlighted by the decision to reduce the bank's capital cushion in 2017, set the stage for its eventual collapse. In light of the crisis, calls for stronger capital requirements for UBS are met with resistance, emphasizing the need for enhanced regulatory powers to prevent future financial disasters.
Tages-Anzeiger
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Thomas Bauer Mark Branson Karin Keller-Sutter Ueli Maurer Show more
Finance & Economy, News Article
12:52 20.12.2024
swift action needed to mitigate risks posed by oversized UBS bank
The SP Switzerland demands urgent measures to mitigate the risks posed by the oversized UBS, calling for a ban on bonuses for systemically important banks and an end to party financing by UBS. They criticize the slow revision of too-big-to-fail regulations and highlight the need for higher capital requirements and stronger oversight of financial institutions to protect taxpayers from potential crises.
spschweiz
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Samuel Bendahan Cédric Wermuth Céline Widmer Ueli Maurer Show more
Finance & Economy, Press Release
12:43 20.12.2024
Credit Suisse collapse attributed to internal failures and ineffective oversight
A parliamentary investigation has concluded that Credit Suisse is primarily responsible for its own collapse in spring 2023, citing significant financial mismanagement, including losses of 33.7 billion francs while paying out 39.8 billion francs in bonuses. The investigation also criticized the Financial Market Authority (FINMA) for ineffective supervision and inadequate communication between regulatory bodies. In March 2023, the troubled bank was sold to UBS in an emergency deal facilitated by government intervention.
n-tv.de
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Isabelle Chassot
Finance & Economy, News Article
12:19 20.12.2024
lessons from credit suisse crisis emphasize management supervision and liquidity reforms
The Swiss Bankers Association (SBA) supports the findings of the Parliamentary Commission of Inquiry (PCI) regarding the Credit Suisse crisis, emphasizing the need for responsible management, effective supervision, and enhanced liquidity provision. The report highlights that mismanagement led to a loss of confidence in Credit Suisse, and calls for targeted reforms in management accountability and supervision by FINMA. Additionally, it advocates for strengthening liquidity measures, including formalizing the Public Liquidity Backstop and expanding the Swiss National Bank's liquidity support for all banks to ensure financial stability.
Schweizerische Bankiervereinigung
United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat Swiss National Bank CHE
Finance & Economy, Press Release
12:11 20.12.2024
ubs advocates for balanced regulatory changes after credit suisse takeover
UBS, following its acquisition of Credit Suisse, advocates for a 'targeted, proportionate and internationally aligned' approach to regulatory changes in the banking sector. The bank supports most recommendations from the Federal Council aimed at enhancing the resilience of the Swiss financial center, while noting it now faces additional capital requirements of $20 billion.
rfj.ch
United States Dollar Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
11:58 20.12.2024
swiss regulator criticized for mishandling credit suisse collapse inquiry findings
The Swiss parliament has criticized the former leadership of the financial regulator Finma following an inquiry into Credit Suisse's collapse. A report by a specially-convened commission revealed that Finma's 2017 decision to ease capital requirements misrepresented the bank's financial health, hindering timely corrective actions. Lawmakers deemed this regulatory concession "inappropriate," despite its legal validity.
Forex Factory
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
11:24 20.12.2024
parliamentary inquiry report highlights failures in credit suisse crisis management
The Parliamentary Commission of Inquiry (PUK) has released a report analyzing the emergency takeover of Credit Suisse by UBS, highlighting failures by the bank's executives and the Federal Council in addressing systemic risks. The report includes 20 recommendations, emphasizing the need for improved coordination among authorities and urgent reforms to "too big to fail" legislation, which inadequately addressed international interdependencies and crisis management. Despite these shortcomings, the PUK acknowledged that the authorities' intervention prevented a global financial crisis.
20 Minuten
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Eveline Widmer-Schlumpf Ueli Maurer
Finance & Economy, News Article
11:23 20.12.2024
Swiss National Bank to analyze Credit Suisse collapse report and strengthen regulations
The Swiss National Bank (SNB) has acknowledged receipt of the Parliamentary Commission of Inquiry's report on the Credit Suisse collapse and its merger with UBS, promising a thorough analysis. The bank reaffirmed its commitment to enhancing regulatory measures in Switzerland and its active role in national and international regulatory discussions.
Allnews
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Press Release
11:21 20.12.2024
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