Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Swiss report criticizes officials' secrecy and regulator oversight in Credit Suisse collapse.

flag A Swiss parliamentary report revealed that secretive practices and non-meetings among officials hindered Switzerland's response to the 2023 Credit Suisse collapse. flag 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. flag The inquiry made 20 recommendations, calling for stricter financial sector oversight and placing regulations for "too big to fail" banks within an international framework.

27 Articles