What Switzerland Should Have Done to Save Credit Suisse.

A parliamentary report found that Switzerland's financial regulator, Finma, failed to take adequate action to prevent the collapse of Credit Suisse, the country's second largest bank. The report recommended potentially increasing capital requirements for UBS, Switzerland's remaining big bank. Credit Suisse's weak governance and management were also identified as contributing factors to its downfall. The report highlighted the need for updates to Switzerland's banking laws to avoid government bailouts and restore confidence in the financial system. [Extracted from the article]