The Swiss regulator is studying how Credit Suisse management can be held accountable
Swiss Regulator Vows To Hold Credit Suisse Bosses To Account: Report
Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday. "We are not a penal authority but we are exploring the corresponding possibilities," said Finma chair Marlene Amstad was quoted as saying in an interview with NZZ am Sonntag weekly. Switzerland, whose vibrant banking scene is a key part of the country's culture, has been shocked t…
Credit Suisse: Swiss regulator studies how management can be held accountable
According to Marlene Amstard, President of FINMA, Credit Suisse failed in particular because of poor decisions taken by management, who “clung to a strategy involving high risks” for a long time without being “able to manage these risks adequately”.
Swiss regulator admits holding Credit Suisse managers accountable
"Não somos uma autoridade judicial, mas estamos a explorar possibilidades de responsabilização", disse Marlene Amstad, presidente da Finma, numa entrevista publicada hoje no jornal dominical suíço NZZ am Sonntag, em que foi muito crítica da atividade da administração daquele banco. Agora, para Amstad, os requisitos de capital e de liquidez do UBS -- a entidade financeira que adquiriu o Credit Suisse -- devem aumentar gradualmente, para responde…