43 preliminary investigations, nine complaints, 16 criminal complaints, 14 enforcement proceedings, 108 on-site inspections. These numbers show the means by which the Swiss financial market regulator (Finma) has tried since 2012 to get the major bank Credit Suisse back on the right track. Today it is clear: it was all of no use. In March 2023, politicians, the central bank and supervisory authorities were only able to initiate the forced takeover of the ailing Credit Suisse by its competitor UBS.
UBS and Credit Suisse: When supervision defends supervision – Economy
