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Credit Suisse supervisors singled out by Basel in Spring 2023 banking turmoil

By Neil Roland ( October 11, 2024, 21:14 GMT | Comment) -- Credit Suisse supervisors were singled out for responsibility in the Spring 2023 banking turmoil because of their lax oversight of the international bank’s disparate units, a Basel Committee on Banking Supervision progress report said. The global authority’s report today said it will prioritize work to strengthen supervisory effectiveness to “merit additional guidance at a global level.”Credit Suisse supervisors were singled out for responsibility in the Spring 2023 banking turmoil because of their lax risk-management oversight of the international bank’s disparate units, a Basel Committee on Banking Supervision progress report said....

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