Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Credit Suisse inquiry to keep files secret | The Express Tribune

Posted on July 15, 2023 By Admin No Comments on Credit Suisse inquiry to keep files secret | The Express Tribune



ZURICH:

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.

The document means the investigating commission will hand over its files to the Swiss Federal Archives after a much 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.

The investigation is only the fifth of its kind in the country’s modern history and the committee of lawmakers conducting it has sweeping powers to call on the Swiss cabinet, finance ministry and other state bodies.

“After the completion of the investigation, the files shall be handed over to the Federal Archives and shall be subject to an extended protection period of 50 years,” the committee said in a strategy paper.

The Swiss Society for History raised concerns about the length of time.

Published in The Express Tribune, July 16th, 2023.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.





Source link

Business

Post navigation

Previous Post: Waterlogging Raises Concerns: Stagnant Water Could Pose Serious Health Hazards For General Public, Experts Warn
Next Post: Actors reveal shockingly low pay for hit TV shows amid SAG-AFTRA strike

More Related Articles

How To Make UPI Payments Through IDFC First Bank Rupay Credit Card – News18 Business
‘Unavailability of engines’: IndiGo to receive compensation from Pratt & Whitney for grounded aircraft – Times of India Business
Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals… Business
Finance minister assures commitment to IMF agreement – SUCH TV Business
Somalia’s construction boom in Mogadishu gives women high ambitions Business
Govt to privatise up to 50 state-owned enterprises: Ahad Cheema | The Express Tribune Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Jeff Bezos and Lauren Sánchez’s wedding invite slammed over ‘ugly’ design
  • Paige Spiranac adds new chapter in ‘case study’ about her golf game
  • From NPS To UPS: Last Date To Opt For Unified Pension Scheme Extended By 3 Months Till September 30
  • Salman Khan reveals struggle with AVM and brain aneurysm on Kapil Sharma Show: Know what AVM is, its causes, and why it’s so serious | – Times of India
  • Patrick Schwarzenegger on his breakout

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme