Landmark parliamentary report also takes aim at financial watchdog

Unda de șoc care a cutremurat sistemul financiar elvețian. Raportul prăbușirii băncii Credit Suisse a fost făcut public

Digi 24

Romania

The shock wave that rocked the Swiss financial system. Credit Suisse bank collapse report made public

A global financial crisis in 2023 was only narrowly avoided thanks to the intervention of the Swiss authorities, according to a highly anticipated report.

Une crise financière mondiale en 2023 n’a été évitée de justesse que grâce à l’intervention des autorités helvétiques, selon un rapport très attendu.

Le régulateur bancaire s'est montré inefficace pour empêcher la débâcle de Credit Suisse

Media Bias/Fact Check

Le Figaro

Dassault Group

Paris

Île-de-France

France

The banking regulator was ineffective in preventing the Credit Suisse debacle

A Swiss parliamentary inquiry revealed that secret meetings and mistrust among officials hampered the government's response to Credit Suisse's 2023 collapse.  Undocumented "non-meetings" and downplaying of the bank's problems left key ministers uninformed, hindering preparations for the eventual UBS takeover. This secrecy, intended to protect Switzerland's reputation as a financial haven, ultimately contributed to the crisis.

The Economic Times

Sahu Jain family

How secretive Swiss sought to keep a lid on the Credit Suisse crisis

Switzerland on Friday published a long-awaited parliamentary report on last year's collapse of Credit Suisse, an event that has called into question the country's reputation as financially stable and raised broad questions about what went wrong in the case, Reuters reports.

Elveția a publicat vineri un raport parlamentar mult așteptat despre prăbușirea de anul trecut a băncii Credit Suisse, un eveniment care a pus sub semnul întrebării reputația de țară stabilă financiar și a stârnit întrebări ample despre ce a mers prost în acest caz, scrie Reuters.

Digi Communications

The focus of the investigation: the financial market supervisory authority Finma, the National Bank and the Finance Department of the Federal Council.

Im Fokus der Untersuchung: die Finanzmarktaufsicht Finma, die Nationalbank und das Finanzdepartement des Bundesrats.

Credit Suisse-Debakel: Wer vor dem PUK-Bericht zittern muss

Schweizer Radio und Fernsehen (SRF)

Swiss Broadcasting Corporation

Zürich

Zürich District

Zurich

Switzerland

Credit Suisse debacle: Who has to fear the PUK report

There are huge expectations on the report of the Parliamentary Inquiry Commission (PUK) into the demise of Credit Suisse. You can follow the press conference here in the live ticker.
PUK on CS: The media conference in the live stream. Video: YouTube/Keystone-SDA-ATSImuch expectations are on the report of the Parliamentary Inquiry Commission (PUK) into the demise of Credit Suisse. You can follow the press conference here in the live ticker....(Re…

Auf dem Bericht der Parlamentarischen Untersuchungskommission (PUK) zum Untergang der Credit Suisse ruhen immense Erwartungen. Die Pressekonferenz kannst du hier im Liveticker verfolgen.
PUK zur CS: Die Medienkonferenz im Livestream.    Video: YouTube/Keystone-SDA-ATSAuf dem Bericht der Parlamentarischen Untersuchungskommission (PUK) zum Untergang der Credit Suisse ruhen immense Erwartungen. Die Pressekonferenz kannst du hier im Liveticker verfo…

Heute wird der PUK-Bericht zum CS-Niedergang veröffentlicht – die Pressekonferenz live

watson.ch/

Today the PUK report on the CS decline will be published – the press conference live

Ad Fontes Media

All Sides

Financial Times

Nikkei Inc.

London

Greater London

England

United Kingdom

Swiss lawmakers criticise ‘years of mismanagement’ at Credit Suisse

The poor management of Credit Suisse for years was at the origin of its fall in March 2023, the Parliamentary Commission of Inquiry (CEP) concluded on Friday. The federal authorities have not committed any fault, but have accumulated shortcomings at all levels.

La mauvaise gestion de Credit Suisse pendant des années est à l'origine de sa chute en mars 2023, conclut vendredi la Commission d'enquête parlementaire (CEP). Les autorités fédérales n'ont pas commis de faute, mais ont accumulé des manquements à tous les niveaux.

Débâcle de Credit Suisse: les manquements des autorités fédérales pointés par la Commission d'enquête

rts.ch

Credit Suisse debacle: the shortcomings of the federal authorities pointed out by the Commission of Inquiry

On Friday, the parliamentary inquiry committee presented the long-awaited report on the end of Credit Suisse. The reactions to it were mixed.

Am Freitag hat die Parlamentarische Untersuchungskommission den langersehnten Bericht über das Ende der Credit Suisse präsentiert. Die Reaktionen darauf fallen gemischt aus.

«Missmanagement der CS»: So reagiert die UBS auf den PUK-Bericht

20 Minuten

"Mismanagement of CS": How UBS reacts to the PUK report

From August 2022 to March 19, 2023, the authorities became aware of the difficulties that the big bank was going through. Events accelerate as early as December. A look back at Credit Suisse's last months in the light of the work of the parliamentary committee of inquiry ➤ August 2022 The Federal Council is informed for the first time about the critical situation at Credit Suisse (CS), in a summary manner.See more

D’août 2022 au 19 mars 2023, les autorités prennent conscience des difficultés que traverse la grande banque. Les événements s’accélèrent dès décembre. Retour sur les derniers mois de Credit Suisse à la lumière des travaux de la commission d’enquête parlementaire➤ Août 2022 Le Conseil fédéral est informé pour la première fois sur la situation critique de Credit Suisse (CS), de manière sommaire.Voir plus

Chronologie – Les coulisses des derniers mois de Credit Suisse

Le Temps

Timeline — Behind the scenes of Credit Suisse's last few months

The report by the parliamentary committee looking into the Credit Suisse meltdown has been eagerly awaited for months

Swiss lawmakers criticise ‘years of mismanagement’ at Credit Suisse

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