ZURICH, Dec 18 (Reuters) - A Swiss parliamentary report
into how authorities managed the 2023 collapse of Credit Suisse
will be published on Friday, the Swiss parliament said on
Wednesday.
The report by the parliamentary committee looking into the
Credit Suisse meltdown has been eagerly awaited for months and
the government says its findings will feed into new rules due to
be drawn up to govern UBS, which acquired Credit
Suisse.
In a statement, parliament said the report from the
parliamentary committee would be published on Dec. 20 and that
an accompanying news conference would also be held.
A pillar of the Swiss financial establishment and the
country's second-biggest bank, 167-year-old Credit Suisse fell
apart in a series of scandals that culminated in its March 2023
takeover by UBS for a fraction of its former value.
That June, parliament took the rare step of forming a
committee to probe the official response to the demise of Credit
Suisse, and the government said it would wait on proposing draft
legislation until it had taken stock of the lawmakers' findings.
The government sketched out its vision earlier this year in
a too-big-to-fail report that set out a raft of proposals
designed to make the banking sector less risky.