A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered...
A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.
This reeks of trying to avoid a panic. As silly as it sounds, hopefully its ONLY shady dealings they want to bury and not that the bank that was forced to absorb Suisse is screwed too.
This reeks of trying to avoid a panic. As silly as it sounds, hopefully its ONLY shady dealings they want to bury and not that the bank that was forced to absorb Suisse is screwed too.
Good move, this way all the people responsible will be dead or very old before the truth comes out. Less accountability for those "in charge". Wouldn't want to hurt their feelings or risk the...
Good move, this way all the people responsible will be dead or very old before the truth comes out. Less accountability for those "in charge". Wouldn't want to hurt their feelings or risk the public pressure of fixing systemic problems (that won't be known until it's too late).
So they claim this is for ensuring 'high levels of confidentiality'. I am not sure I'm on the same page as them, but I highly doubt that the Swiss government (notorious for this stuff) will intervene.
The document means the investigating commission would hand over its files to the Swiss Federal Archives after a longer gap than the usual 30 years to ensure high levels of confidentiality apply to the investigation, which has generated huge public interest. The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to the emergency takeover of Credit Suisse by UBS in March.
So they claim this is for ensuring 'high levels of confidentiality'. I am not sure I'm on the same page as them, but I highly doubt that the Swiss government (notorious for this stuff) will intervene.
A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.
This reeks of trying to avoid a panic. As silly as it sounds, hopefully its ONLY shady dealings they want to bury and not that the bank that was forced to absorb Suisse is screwed too.
Good move, this way all the people responsible will be dead or very old before the truth comes out. Less accountability for those "in charge". Wouldn't want to hurt their feelings or risk the public pressure of fixing systemic problems (that won't be known until it's too late).
AFAICT, this is just a copy of a Reuters article with the attributions removed... so I have changed the link to the original source.
So they claim this is for ensuring 'high levels of confidentiality'. I am not sure I'm on the same page as them, but I highly doubt that the Swiss government (notorious for this stuff) will intervene.