"Credit Suisse Inquiry: Files to Remain Secret for 50 Years, Swiss Parliament Investigates Collapse and Takeover"

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Source: Reuters
"Credit Suisse Inquiry: Files to Remain Secret for 50 Years, Swiss Parliament Investigates Collapse and Takeover"
Photo: Reuters
TL;DR Summary

A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to newspaper Aargauer Zeitung. This has raised concerns among Swiss historians who believe access to the files would be invaluable for scientific investigation of the 2023 banking crisis. The investigation will focus on the activities of the Swiss government, financial regulator, and central bank leading up to the emergency takeover of Credit Suisse by UBS in March. The committee conducting the investigation has sweeping powers but stressed the confidentiality of its proceedings during its first meeting.

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