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Swiss Parliamentary Investigation Report Examines Credit Suisse’s Downfall

The Swiss Parliamentary Investigation Commission (PUK) has released a report focusing on the Credit Suisse takeover, scrutinizing key financial authorities including Finma, the National Bank, and the Federal Finance Department. The PUK’s investigation, led by Isabelle Chassot, included over sixty interviews with top officials, revealing criticisms of Finma’s lack of enforcement capability during the bank’s liquidity crisis. The report suggests potential reforms for Finma and raises questions about the roles of prominent figures such as Thomas Jordan, Marlene Amstad, and Ueli Maurer in the situation.

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