“If researchers want to conduct a scientific investigation of the 2023 banking crisis, access to the CS files would be invaluable,” Zala wrote, according to the paper. He added, “Ideally, it should be possible to secure the archive and make it accessible after the appropriate period of protection has expired and, if necessary, subject to historical research conditions.”
The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run-up to the emergency takeover of Credit Suisse by UBS in March.
The investigation is only the fifth of its kind in the country’s recent history, and the panel of lawmakers it is conducting has sweeping powers to subpoena the Swiss cabinet, finance ministry and other government bodies.
The committee held its first regular meeting in Berne on Thursday, where it stressed the confidentiality of its deliberations.
It could have the power to question the Credit Suisse bankers involved, but they will not be the focus of the investigation.
Reuters