Swiss Finma Leadership Under Fire: Investigation Reveals Misjudgments at Credit Suisse

The Swiss Parliament has severely criticized the former leadership of the financial supervisory authority Finma in a comprehensive investigation. The focus of the allegations is the collapse of Credit Suisse last year, which shook the country's financial system. The special commission working under the title "PUK" concluded that Finma made a serious mistake in 2017 by granting Credit Suisse relief on capital requirements. This decision obscured the bank's actual financial situation and delayed necessary corrective measures, according to the investigation, the results of which were released on Friday.