*

Parliament committee report on Credit Suisse handling due

*

Government wants findings to feed into new regulations

*

Swiss aim to prevent a repeat of Credit Suisse collapse

*

Will not include recommendations on bank capital -media

By Ariane Luthi and Oliver Hirt

ZURICH, Dec 11 (Reuters) - A long-awaited report on how

Swiss authorities handled the collapse of Credit Suisse is due

to be published in the coming days, potentially paving the way

for stricter oversight of its new owner UBS.

Credit Suisse, which was once a pillar of the financial

establishment and Switzerland's second-biggest bank, unravelled

in a series of scandals that culminated in its state-engineered

rescue by larger rival UBS in March 2023.

The Swiss parliament formed a committee in June last year to

probe the official response to the 167-year-old bank's demise.

The government wants its findings to feed into new

regulations aimed at preventing a repeat of the crisis, which

Swiss officials have blamed on Credit Suisse's management.

Central to the government proposals set out in April is a

recommendation that UBS and other systemically important banks

hold more capital. UBS has warned against this, with the ongoing

uncertainty clouding its outlook.

Swiss newspaper SonntagsBlick said the parliamentary

committee will not include recommendations on bank capital.

The report itself is unlikely to have any direct impact on

UBS, said Bank Vontobel analyst Andreas Venditti, but its

findings could set the mood in Switzerland.

"Depending on what headlines come out of it, that could

influence public opinion which could in turn influence political

opinion," Venditti said.

The parliamentary committee, known as PUK, has been highly

secretive, with the few leaks that have come out saying

authorities will face criticism, especially market regulator

FINMA. This is broadly in line with the thrust of indications

given to Reuters by lawmakers and officials.

Weekend media reports suggested the report will say FINMA

could have done more to rein in Credit Suisse's management as

its woes mounted. FINMA has said it should have greater powers

and the government has advocated strengthening it.

The PUK, which promised to publish its report by the end of

2024, has yet to say exactly when. A PUK spokesperson said last

week it should still emerge this year.

The Swiss National Bank (SNB) and its former chairman Thomas

Jordan are also likely to draw criticism for doing too little

too late, the media reports said.

Reuters reported last year that Jordan had backed

nationalising the bank, before the secret plan was dropped amid

opposition from FINMA and Credit Suisse. Critics argue that he

could have done more to commit publicly to saving the bank.

Switzerland's finance ministry and the SNB declined to

comment.

FINMA said it had made intensive use of its instruments

to deal with Credit Suisse over the years but that it was poorly

equipped to intervene compared with international peers.

"If Switzerland wants to have even more effective

supervision, it needs new instruments and the ability to

intervene earlier," its statement said.