FINMA - Swiss Financial Market Supervisory Authority
The Swiss Financial Market Supervisory Authority FINMA has opened enforcement proceedings against Credit Suisse after the bank suffered significant losses in connection with a US hedge fund (“Archegos”). Furthermore, FINMA announces that it opened proceedings against the bank in the context of the “Greensill” case in March 2021. Supplementing measures taken by the bank, FINMA has in addition required various risk-reducing measures.
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