The parliamentary investigation into the collapse of Credit Suisse has raised eyebrows as it was revealed that the files related to the inquiry will remain confidential for 50 years.
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 files related to the parliamentary investigation into the collapse of Credit Suisse will remain closed for 50 years, according to newspaper Aargauer Zeitung. Historians have raised concerns about the length of time the files will remain unaccessible and have urged for their protection to be lifted sooner, emphasising the importance of these files for scientific research. The investigation will look into the actions of the Swiss government, financial regulator, and central bank before the emergency takeover of Credit Suisse by UBS in March and is only the fifth of its kind to be conducted in Switzerland.
A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, newspaper Aargauer Zeitung reported, triggering concerns among Swiss historians.