Swiss Report Reviews Credit Suisse Collapse

The Swiss National Bank (SNB) plans to thoroughly examine a parliamentary report on the collapse of Credit Suisse, which has raised serious concerns about Switzerland's financial stability. The report, resulting from an 18-month investigation, includes 30 recommendations aimed at preventing future crises, particularly emphasizing the need for stricter regulations regarding 'too-big-to-fail' banks like UBS, which acquired Credit Suisse. While the report identifies Credit Suisse's management failures and criticizes the financial regulator FINMA for its leniency, it stops short of specifying how much more capital banks should hold. Additionally, the report suggests measures such as limiting bonuses during poor performance and enhancing shareholder influence on stability issues. The findings are expected to influence upcoming legislative changes designed to bolster the Swiss financial system against future crises.