The Swiss government announced today that it favors the establishment of a parliamentary investigative commission. Credit Suisse with UBS to illuminate the events that led to this transaction being necessary to save itself from bankruptcy.
The chambers of the Swiss Parliament will issue a final statement on the creation of this commission next week.
If approved, The investigative body will consist of seven deputies and seven senators from six groups represented in the legislature. and will have an approximate budget 5 million euros to do your job
in their inquiries It will also examine government administration and all public administration in relation to the Credit Suisse case.the country’s second bank and It is considered a systemic risk for the country’s economy.
However, in recent years the establishment lots of scandals corruption and bad managementIt led to million dollar fines in the United States, Switzerland and other countries.