The Swiss regulator is studying how Credit Suisse management can be held accountable

The Swiss regulator is studying how Credit Suisse management can be held accountable

The rescue of the bank by its rival UBS under pressure from the government sent shockwaves across the country.

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…

Swiss regulator vows to hold Credit Suisse bosses to account after its emergency takeover

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.

Swiss banking regulator admits holding Credit Suisse managers accountable

The Swiss financial sector regulator, Finma, admitted that it is considering the possibility of holding Credit Suisse directors accountable for management errors.

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”.

The Swiss regulator studies whether Credit Suisse executives can be held accountable

The Swiss financial market regulatory body is studying whether it is possible to hold Credit Suisse management accountable.