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Swiss report criticizes officials' secrecy and regulator oversight in Credit Suisse collapse.
A Swiss parliamentary report revealed that secretive practices and non-meetings among officials hindered Switzerland's response to the 2023 Credit Suisse collapse.
While the crisis was mainly attributed to long-term mismanagement by the bank's board and management, the report criticized the financial regulator FINMA for inadequate oversight and granting excessive capital relief.
The inquiry made 20 recommendations, calling for stricter financial sector oversight and placing regulations for "too big to fail" banks within an international framework.
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El informe suizo critica el secreto de los funcionarios y la supervisión regulatoria en el colapso de Credit Suisse.